PETALING JAYA: After months of speculation, it is now confirmed there is an offer on the table from Employees Provident Fund (EPF) to buy Utama Banking Group Bhd's (UBG) stake in Rashid Hussain Bhd (RHB).
UBG announced to Bursa Malaysia yesterday that it “received a written conditional offer” from EPF to acquire all the shares and irredeemable convertible unsecured loan stock A and B (RHB ICULS) in RHB held by UBG as at April 14, 2006.
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