Bursa Malaysia Stock Watch

SEG International: Emergence of new Substantial Shareholder?

kltrader
Publish date: Mon, 02 Apr 2012, 03:06 PM
kltrader
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SEG International: Emergence of new Substantial Shareholder?                             Outperform
News Update
-          News emerged over the weekend that Navis Capital, a private equity firm, has bought a 37.5% stake in SEGi, and is planning to buy more this week. This could possibly trigger a general offer for SEGi's remaining shares.
-          No changes to forecasts and Outperform call. Fair value maintained at RM2.00, pending the company's announcement.


Source: RHB Research - 2 April 2012
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