SELANGOR Properties Bhd has received a conditional voluntary offer (VGO) from its major shareholder, Kayin Holdings Sdn Bhd, to buy the remaining shares in the company for RM2.40 each.
Kayin, which already owns a 41.5% stake in Selangor Properties (Selangor Prop), said the offer is subject to it increasing its stake to more than 50% of the company.
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