Property developer Plenitude offers to take over Nomad for RM278.84mil

PETALING JAYA: Property developer Plenitude Bhd has offered to take over The Nomad Group, which owns a string of properties in Kuala Lumpur and Penang.

In a filing with Bursa Malaysia, Plenitude proposed to take over Nomad for RM1.25 per share or RM278.84mil via the issuance of 111.55 million new Plenitude shares of RM2.50 each.