The share price surge came after a privatisation offer was made by NewMedCo at 29.5 cents apiece for all the shares in Singapore O&G on March 7.
Shares in Singapore O&G opened at 29.5 cents on the morning of March 9, after the company requested for the lifting of its trading halt after market close on March 8.
The share price represents an 18% surge from the company’s last-closed share price of 25 cents.
