Bursa Malaysia Stock Watch

UEM Land has 40.3pc support for Sunrise bid

kltrader
Publish date: Thu, 04 Nov 2010, 02:27 PM
kltrader
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UEM Land Holdings Bhd, which made a conditional takeover bid for rival Sunrise Bhd. today, has received support from a group owning 40.3 per cent of Sunrise.

Sunrise doesn't intend on seeking an alternative bid and an independent assessment on the offer will be ready within 10 days, the company said in a statement today. - Bloomberg"
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