Tag Archives: Straits Times 25 April 2014

SMRT SHARES SOARED 20% AMID SPECULATIONS OF GOVERNMENT BUYOVER

LISTED public transport operator SMRT Corp's shares yesterday staged their biggest-ever one-day gain in recent memory, soaring almost 20 per cent, as investors speculated that a plan for SMRT to sell its rail assets to the Government was imminent. Shares of rival rail operator SBS Transit and its parent company ComfortDelGro also rose 7 per cent and 3 per cent respectively. Market watchers said punters may be assuming that SBS Transit will do likewise with operating assets of its North-East Line.

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