Reuters: Hot Stocks: Singapore's K1 Ventures jumps on privatisation bid

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Singapore's K1 Ventures jumps on privatisation bid Jun 28th 2012, 01:11 SINGAPORE, June 28 | Wed Jun 27, 2012 9:11pm EDT SINGAPORE, June 28 (Reuters) - Shares of Singapore investment firm k1 Ventures Ltd jumped to their highest level since August last year after its majority shareholders offered to take the firm private in a deal valuing it around S$292 million ($228.71 million). Within five minutes of trading, K1 shares had surged as much as 19.5 percent to S$0.135, matching the offer price of S$0.135 per share. More than 2 million shares were traded, 3.4 times the average full-day volume over the past 30 days. K1's main shareholders include a unit of Keppel Corp Ltd . K1 has investments in sectors such as transportation leasing, education, oil and gas exploration, financial services and automotive retail. (Reporting by Eveline Danubrata; Editing by Kevin Lim)

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