KUALA LUMPUR (May 7): Major shareholders of Amcorp Properties Bhd (Amprop) have proposed to take the company private via selective capital reduction (SCR) and repayment exercise of 90 sen per share.
The repayment of 90 sen per share is at 35.5 sen, 65% premium over its last traded price of 54.5 sen.
The shareholders comprise Amcorp Group Bhd, Clear Goal Sdn Bhd and banker Tan Sri Azman Hashim together with Amprop Trust, of which Azman has deemed interest, said Amprop in a filing.
“The board, save for the interested directors, will deliberate on the proposed SCR and decide on the next course of action,” it said.