Backdoor listing for Mid Valley

  • Business Premium
  • Friday, 17 Oct 2003

IGB Corp Bhd has entered into a memorandum of understanding (MoU) to inject the holding company of Mid Valley Megamall into Kris Components Bhd, and acquire a 41.84% stake in Kris from its Singapore parent, Amtek Engineering Ltd, for RM91.2mil or RM2.78 per share. 

Kris is to sell all its assets, excluding its cash, liabilities and key subsidiaries to Amtek for RM85.2mil. 

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