PETALING JAYA: The takeover offer of property developer Mulpha Land Bhd by Teladan Kuasa Sdn Bhd has lapsed with negligible percentage of acceptances.
Teladan Kuasa only received 0.01% of acceptances yesterday that resulted in the marginal increase of its stake to 50.39%. The takeover offer initiated on March 6 to acquire the remaning shares it did not own at 49.7 sen per share was triggered after Mulpha International Bhd
entered into a call option agreement with Teladan Kuasa that gave the latter the right to acquire up to 75 million shares of 10 sen each in Mulpha Land.
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!
