KAYIN Holdings Sdn Bhd, which is making a conditional voluntary general offer (VGO) to buy the remaining shares in Selangor Properties Bhd (SelProp) for RM2.40 each, is aiming for a minimum 50% plus one share in SelProp, a company spokesman said yesterday.
Responding to queries from StarBiz, the Kayin spokesman said: “A VGO is the most efficient way to increase our shareholding to a controlling level and at the same time, create an opportunity for shareholders to realise their investment (liquidity).”