Olympia Industries Bhd (KLSE : 3018) - News

CIMB Group Holdings Bhd announced it will acquire Jupiter Securities Sdn Bhd for RM55 million. Jupiter Securities will be the Malaysian platform for CIMB's joint venture with China Galaxy Securities Co. Ltd in the stockbroking business.

Jupiter Securities, together with its four subsidiaries, has a combined paid-up capital of RM24.59 million. The firm is a subsidiary of Olympia Industries Bhd, wihich will get RM42.1 million from the disposal of its stake.

Will the stock price reacts to this positive news ?

Daily chart.

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Source : 
1) Metastock
2) www.theedgemarkets.com