PAN Malaysian Industries Bhd (PMI) now owns 90.67% of Metrojaya Bhd's (MJB) shares, but has yet to cross the threshold that would make it compulsory for holders of the remaining MJB shares to sell them to PMI.
The reason is that PMI failed to garner more than 90% of the shares it offered to buy from shareholders by the close of its offer yesterday.
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