RANHILL BHD, which earlier made a partial conditional offer to buy up to a 70% stake in Ranhill Utilities Bhd (RUB), said it has received tenders for 157.54 million RUB shares as at Sept 16.
Ranhill is offering to buy up to 206.15 million RUB shares at RM3.10 per share, which will paid for through the issue of 0.391 new Ranhill shares at RM7.93 each, for every one RUB share acquired.
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