I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Tuesday 18 February 2014

Biosensors share price jumps on rumours of China Citic's interest


Ryscience18214
 
 
Citic Private Equity Funds Management Co. is considering buying full control of medical devices maker Biosensors International Group Ltd., two people with knowledge of the deliberations told Bloomberg - PHOTO: BIOSENSORS INTERNATIONAL GROUP 

CITIC Private Equity Funds Management Co is considering buying full control of medical devices maker Biosensors International Group Ltd, two people with knowledge of the deliberations told Bloomberg.

The wire agency said the Beijing-based firm, an arm of China's state-backed Citic Group Corp. conglomerate, is in talks with several banks about financing for a deal. It owns about 22 percent of the Singapore-listed company, which had a market value of S$1.5 billion ($1.2 billion) as of Monday.

On Tuesday, Biosensors shares opened at 87 cents each before jumping to S$1.03. They are currently trading around S$1, up 13 cents or 15 per cent, the biggest intraday gain since September 2010, prompting a query from the Singapore Exchange. 

Sources told Bloomberg that Citic Private Equity is considering an offer for the rest of Biosensors after the company lost about half its value from a February 2012 peak.


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