In the spotlight: Nirvana managing director and chief executive officer Tan Sri Kong Hon Kong at the company’s listing ceremony in Hong Kong in December 2014. Nirvana has received an offer from CVC Capital to buy out the former at HK3 a share, the same price when it was listed in Hong Kong.
PETALING JAYA: Nineteen months after its listing on the Hong Kong stock exchange, Malaysia-based Nirvana Asia Ltd received an offer from an established private equity (PE) firm, CVC Capital Partners, to buy out the former at a value of HK$3 a share, which was the same price of the company when it listed there.
On July 8, CVC made a HK$8.1bil (RM4.16bil) buyout offer, which will be paid in cash and shares.
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