SMRT shares end below offer price

An SMRT train leaves a station in Singapore on July 19.
An SMRT train leaves a station in Singapore on July 19.PHOTO: REUTERS

Shares of SMRT Corp rose sharply after they resumed trading on the Singapore Exchange yesterday.

Trading had been halted to facilitate the news dissemination of a rail financing framework followed by a buyout offer. SMRT shares ended 6.1 per cent higher at $1.64 from their pre-halt close of $1.545 but below the $1.68 offer price.

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A version of this article appeared in the print edition of The Straits Times on July 22, 2016, with the headline 'SMRT shares end below offer price'. Print Edition | Subscribe