Yee Lee Corp Bhd and Thailand’s TCP Group have strengthened their collaboration to boost market share in the energy drinks sector to 60% in five years via a Red Bull brand reinforcement.
Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As.
RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp.
It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the Covid-19 doldrums.
Muda Holdings buys Yee Lee s packaging factory in Ipoh thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
received valid acceptances of 94.38% in property developer TA Global Bhd
. The delisting of the latter will follow next Tuesday as TA Enterprise does not intend to maintain its listing status.
There have also been privatisation offers for TA Enterprise by its chairman and co-founder Datuk Tiah Thee Kian and for FGV Holdings Bhd by the Federal Land Development Authority (Felda).
All these developments have sparked talk in the market that privatisations could be on the rise.
It may have been better for these exercises to be carried out a few months back when the market was still slightly suppressed as compared to now with the return of the bulls on the back of vaccine optimism that has driven the FBM KLCI close to 1,700 points.