Bursa Malaysia Stock Watch
Signaland offers RM2.05/share for S. Steel
kltrader
Publish date: Fri, 16 Jul 2010, 10:20 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Signaland Sdn Bhd offered RM2.05 a share in a takeover bid for Malaysia's Southern Steel Bhd after accumulating a majority stake that triggered a mandatory offer.
Signaland had raised its holding to 70.25 per cent by buying 113.38 million shares, or a 27.03 per cent stake, for about RM232.4 million (US$72 million) from NatSteel Holdings Pte Ltd, Hong Leong Investment Bank said in a statement to the Malaysian stock exchange today on behalf of the offerer. -- Bloomberg
Signaland had raised its holding to 70.25 per cent by buying 113.38 million shares, or a 27.03 per cent stake, for about RM232.4 million (US$72 million) from NatSteel Holdings Pte Ltd, Hong Leong Investment Bank said in a statement to the Malaysian stock exchange today on behalf of the offerer. -- Bloomberg
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