PETALING JAYA: SKP Resources Bhd
plans to acquire Tecnic Group Bhd’s entire business for RM200mil, to be satisfied via the issuance of 172.4 million new SKP shares at 58 sen each and RM100mil cash.
The offer values Tecnic, which is controlled by the main shareholders of SKP, at RM4.95 a share. Shares in Tecnic was last traded at RM5.08 on Monday before trading was halted.
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