Shares in Myanmar-based technology company MySQUAR PLC (MYSQ.LN) jumped on Monday, as the company said it has held discussions regarding commercial and investment opportunities with regional internet businesses.
The London-listed mobile-application developer said this was a response to recent press reports indicating that it was in talks over a potential investment from Chinese internet giant Tencent Holdings Ltd. (0700.HK).
On Jan. 3, MySQUAR said that it had received an approach from an unnamed organization that may lead to a takeover offer.
Shares at 1209 GMT were up 45% at 3.23 pence.
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(END) Dow Jones Newswires
January 08, 2018 07:28 ET (12:28 GMT)