Shares in MySQUAR Ltd (LON:MYSQ) shot up again on Monday morning as press speculation continued to drive buying interest.
The recent press speculation over the Myanmar-language social media, entertainment and payments platform concerns Tencent Holdings and other regional internet-focused businesses; MySQUAR confirmed it has held discussions in relation to commercial and investment opportunities with various regional participants in its area of business, but said this was only to be expected.
READ Game on: MySQUAR shares leap by nearly 50% as it reveals takeover approach
Last week, the company confirmed it had received a bid approach from an unnamed party. Today it said it does not intend to make further comment in respect of press speculation in relation to these matters; however, further announcements will be made in due course as appropriate and in accordance with the company's regulatory responsibilities.
Shares in MySQUAR are up 81% year-to-date.