Now, apparently the remaining shareholders are not agreeable to the offer of 0.180. Bursa should fix a timeframe for MAA to acquire the remaining Turiya's shares and comes out with another offer. Opined apparently MAA have no intention to takeover of whole of Turiya but due to litigation of takeover of Ithmaar's stakes which triggered the whole takeover have left MAA no choice.
" MATERIAL LITIGATION TURIYA BERHAD ("Company" or "Turiya") A) APPEAL NO. W-02(IM)(NCC)-1827-09/2021; AND B) APPEAL NO. W-02(IM)(NCC)-1826-09/2021. -KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-295-07/2021 APPELLANT: EMPIRE HOLDINGS LTD RESPONDENT: I) ITHMAAR DEVELOPMENT COMPANY LTD (1st Respondent) II) ITHMAAR BANK B.S.C. (2nd Respondent); III) MAA GROUP BERHAD (3rd Respondent); IV) TUNKU DATO YAACOB KHYRA (4th Respondent); V) TURIYA BERHAD (5th Respondent)." 29/9/2021. I opine is not the market price matters - may have arbitration of fair value of the share price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OrlandoOilSemiconIoT
4,739 posts
Posted by OrlandoOilSemiconIoT > 2021-09-28 20:19 | Report Abuse
U know.. How can it b 18 sen whn d market price is 40 sen??? (d 52W high say)