PETALING JAYA: MMC Corp Bhd has acquired Permodalan Nasional Bhd’s (PNB) majority stake in NCB Holdings Bhd for RM1.1bil cash, or RM4.40 a share, raising its stake in the port operator to 83.55% and triggering a mandatory general offer to buy out the remaining minority shareholders.
MMC told Bursa Malaysia yesterday that it does not intend to maintain NCB’s listing status.
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