PETALING JAYA: Nadayu Properties Bhd’s major shareholders have proposed to take the company private via a selective capital reduction (SCR) and repayment exercise.
In an announcement to Bursa Malaysia, Nadayu said it had received a letter proposing the privatisation exercise from its major shareholders via ATIS IDR Ventures Sdn Bhd and Zhoujian Associates Sdn Bhd together with parties acting in concert.
