KUALA LUMPUR: United Malayan Land Bhd (UMLand) has received a takeover offer from Seleksi Juang Sdn Bhd and parties acting in concert – which have a combined 77.52% stake – at RM2.50 a share.
The company said yesterday that Seleksi Juang had acquired 62.58 million shares or a 20.75% stake, for RM156.45mil cash or RM2.50 a share.
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