November 05, 2013 9:12 PM
k1 Ventures reported a first quarter net profit of $18 million, thanks to a big improvement in investment income, well up from the $802,000 it made in the same period last year.
Shares of Singapore investment firm k1 Ventures Ltd jumped to their highest level since August last year after its majority shareholders offered to take the firm private in a deal valuing it around S$292 million ($228.71 million).
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