comparemela.com

Latest Breaking News On - சையத் மொக்தார் - Page 2 : comparemela.com

Syed Mokhtar offers to take MMC Corp private at RM2 a share

Syed Mokhtar offers to take MMC Corp private at RM2 a share 03 Jun 2021 / 22:55 H. PETALING JAYA: MMC Corp Bhd’s board today received a notice from its controlling shareholder Seaport Terminal (Johore) Sdn Bhd to privatise the group by undertaking a selective capital reduction (SCR) and repayment exercise at a proposed cash offer of RM2 per share. According to the group’s Bursa filing, the exercise is expected to translate into a total capital repayment of RM2.94 billion representing 48.24% of its total share capital. It revealed that tycoon Tan Sri Syed Mokhtar Albukhary is the ultimate offeror behind the bid via his indirect holding of Seaport Terminal’s equity stake via Indra Cita Sdn Bhd.

Syed Mokhtar offers to take MMC Corp private

MR DIY brothers, Westports Gnanalingam, Greatech s Tan join Forbes Billionaires Club

Forbes billionaires list this year. Also new on the list is Greatech Technology Bhd co-founder and chief executive officer (CEO) Tan Eng Kee, with  Forbes estimating his wealth to be US$1.1 billion (about RM4.54 billion). The Penang-based company is a maker of factory automation equipment.  In Forbes estimated Gnanalingam’s net worth to be about US$1.7 billion.  It also estimated MR DIY’s Yu Yeh’s net worth to be about US$1.8 billion and Yu Weh at about US$1.1 billion.  Forbes noted that the brothers’ wealth comes from their respective stakes in the home improvement retail chain.  MR DIY, listed in October last year, has had the largest initial public offering (IPO) on Bursa Malaysia since 2017, with a market capitalisation of RM10 billion, raising approximately RM1.5 billion from both institutional and retail investors.

MSM share price surge and FGV privatisation intrigues

MSM share price surge and FGV privatisation intrigues
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

RM7 5m cash allegedly donated to Zahid s charity was not from Yayasan Albukhary, MACC officer tells court

RM7 5m cash allegedly donated to Zahid s charity was not from Yayasan Albukhary, MACC officer tells court
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.