Shenzen-listed Xiamen launches takeover of Ogawa


KUALA LUMPUR: Shenzen-listed Xiamen Comfort Science & Technology Group Co. Ltd has launched a takeover of Ogawa World Bhd at RM1.05 cash a share or RM126mil.

Ogawa said on Monday that Xiamen's unit Comfort Enterprise (Hong Kong) Co., Ltd was offering a premium of 19 sen or 22.9% above last Friday's closing price of 86 sen.

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