SINGAPORE, Nov 28 (Reuters) - Shares of Hosen Group climbed as much as 13.6 percent to a four-month high of S$0.335 with 33 million shares traded, after the canned fruit and vegetable distributor bought a Chinese lottery company for US$36 million.
The firm said it would issue 150 million new ordinary shares at an issue price of S$0.35 per share to fund the acquisition.
The stock was the most actively traded counter on the Singapore bourse.
0249 GMT- Straits Times Index down 0.12 percent.
Wednesday, November 28, 2007
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