PETALING JAYA: MMC Corp Bhd will acquire MISC Bhd’s 15.73% stake in NCB Holdings Bhd for RM221.98mil cash, which will make it the second largest stakeholder in the port and logistics operator.
The offer price translates to RM3 per NCB share, close to a 25% premium to NCB’s share price prior to the announcement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!