Biosensors was trading at 81 cents, up 13 cents or 19%, at 12.24pm, after hitting 82 cents earlier. More than 17 million shares changed hands.
Citic Private Equity Funds Management Co, which already controls about 19.6% of Biosensors, is paying 84 cents a share for the stock it doesn't already own. The price is about 24% higher than Biosensors' last closing price of 68 cents
More cash rotting!
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