Morning Market Movers
China Grentech Corporation Limited (NASDAQ: GRRF) climbed 19.12% to $2.9781 at 10:05 am. GRRF has entered into an agreement and plan of merger with Talenthome Management Limited and Xing Sheng Corporation Limited.
Multi-Fineline Electronix Inc (NASDAQ: MFLX) shares surged 15.42% to $24.85. MFLX reported upbeat preliminary financial results for the fiscal 2012 first quarter.
United Security Bancshares (NASDAQ: UBFO) shares gained 15.21% to $2.50. UBFO had $122.05 million in total cash for the recent quarter.
First Financial Service Corporation (NASDAQ: FFKY) jumped 14.81% to $3.10. FFKY shares have dropped 33.66% over the past 52 weeks, while the S&P 500 index has gained 0.68% in the same period.
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