Elitecon International Shares Rise 7% Amid Merger Plans

Elitecon International's shares went up by 7% from the lowest price of the day.

This happened because the stock market got better after some ups and downs.

The company is thinking about merging with other companies in its group to work better together.

They hired a big company, Deloitte, to help with this plan.

Elitecon makes and sells things like tobacco and fast-moving consumer goods.

They just reported a lot of money they made this year, much more than last year.

The company wants to make sure everything runs smoothly and follows the rules before making any big decisions.