MTD CAPITAL BHD said it has purchased 366,719 ordinary shares of RM1 each in CIDB Inventures Sdn Bhd (CIDBI), thereby increasing its equity interest to 19.14% from 15%.
It said the subscription of 191,434 redeemable preference shares of RM1 at issue price of RM50 per share in CIDBI. MTD said that the acquisition is not expected to have material impact on the MTD earning in the financial year ending March 31, 2003.
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