Boxhill Technologies denies YuuZoo speculation as shares surge
The share price of Boxhill Technologies surged on Monday afternoon after the AIM-listed lottery, software, gaming and leisure firm was rumoured to be in takeover talks with Singapore's YuuZoo.
FTSE AIM All-Share
745.67
17:08 19/04/24
Tintra
32.50p
17:30 19/12/23
Travel & Leisure
7,521.61
17:10 19/04/24
Shares rose as high as 0.14p compared with Friday's closing price of 0.10p on the back of speculation about a possible cash offer from social network, e-commerce and gaming outfit YuuZoo.
However, Boxhill responded in a statement saying that there was "no truth in this speculation and that it is not in discussions with YuuZoo nor has it received an approach from YuuZoo regarding a possible transaction with Boxhill".
The stock was volatile following the statement, erasing earlier losses before jumping back into positive territory. By 15:59, shares were up 36.8% at 0.13p.