PETALING JAYA: Datuk Cheah See Yeong of Golden Scoop Sdn Bhd, the master franchisee of Baskin-Robbins in Malaysia and Singapore, has taken control of Apollo Food Holdings Bhd after purchasing a 51.31% stake in the confectionary producer.
KUALA LUMPUR (Dec 15): Based on corporate announcements and news flow today, companies in focus tomorrow (Dec 16) may include: TA Enterprise Bhd, Widad Group Bhd, Top Glove Corp Bhd, Guocoland (Malaysia) Bhd , Fraser & Neave Holdings Bhd (F&N), George Kent (Malaysia) Bhd, United Malacca Bhd, Econpile Holdings Bhd, Deleum Bhd, Uzma Bhd and Apollo Food Holdings Bhd.
TA Enterprise Bhd (
TAE) said it has received a notice of an unconditional mandatory takeover offer from Datuk Tony Tiah Thee Kian to acquire all remaining ordinary shares in TAE not already owned by him at a cash offer price of 65.5 sen each, after Tiah and persons acting in concert with him triggered the creeping threshold, whereby their collective shareholdings in TAE will be increased from 42.36% to 59.78%.