Masterskill's Siva Kumar gets offer for his block

PETALING JAYA:The major shareholder of Masterskill Education Group Bhd (MEGB), Siva Kumar M. Jeyapalan, has entered into a put-and-call option with an individual from Hong Kong to dispose of his entire stake in the education group for RM1.10 per share, which is a premium of 172% from its closing price of 40.5 sen yesterday.

Under the agreement, the individual, Gary How Soong Khong, has a call option to purchase the shares, which forms 29.76% of Masterskill, and it is valid for six months from the date of the agreement that was entered into on Wednesday.