Versatile Creative gains traction on back of 6.2% stake in Iris


LITTLE-KNOWN packaging and printing materials manufacturer Versatile Creative Bhd’s (VCB) share price exceeded its takeover offer of 50 sen a share during trade yesterday following its proposal to hive off 126.42 million Iris Corp Bhd shares, which are worth some RM56.89mil based on the latter’s market price.

The stock was last done at 49.5 sen.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job
Axis-REIT optimistic of maintaining its current performance for FY24
KIP REIT aims for RM2bil AUM
ATX Semiconductor to boost investment in Melaka to RM952mil
Haily gets RM109.5mil residential construction job
Malaysia’s vehicle sales dip 10% year-on-year in March
FBM KLCI ends at near 2-year high
Positive outlook for ringgit this year
CGS MY rebrands, targets to hit over RM300mil revenue by 2027

Others Also Read