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MySQUAR's shares surge again as press speculation continues

Published: 12:26 08 Jan 2018 GMT

Time is money
Speculation goes on after confirmation last week of a bid approach

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.

MySQUAR targets more users after hitting one million mark in Myanmar

The chief executive of MySQUAR (LON:MYSQ), Eric Schaer, says the Myanmar-focused social media group is aiming for 2 million users in the country next year. Today the company, which listed on AIM in July, told investors it had knocked down a key milestone – it now has over 1 million...

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