Shell Refining takeover offer becomes unconditional

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PETALING JAYA: The takeover offer for Shell Refining Co (Federation of Malaya) Bhd (SRC) has become unconditional at an offer price of RM1.92 per share after Malaysia Hengyuan International Ltd (MHIL) acquired 135 million Shell shares.

SRC said in a filing with Bursa Malaysia that MHIL had purchased the shares yesterday via a direct business transaction.

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