TMC Life Sciences gets takeover offer from Singapore tycoon


KUALA LUMPUR: TMC Life Sciences Bhd has received a takeover offer notice from Singapore tycoon Peter Lim at 48 sen a share and eight sen a warrant after he raised his combined stake to 59.24%.

The notice of takeover was made on Thursday after Sasteria (M) Pte Ltd bought 213.84 million shares or 26.65% stake for RM102.64mil or 48 sen a share in an off-market deal.

The shares were acquired from Juara Sejati Sdn Bhd, BL Capital Sdn Bhd, Selat Makmur Sdn Bhd, Teras Mewah Sdn Bhd and Inter-Pacific Capital Bhd - which are part of the Berjaya Group.

TMC added Gilberta Investments Ltd, which is acting in concert with Sasteria, holds 261.46 million TMC shares or 32.59% and 130.73 million three-year warrants 2011/2014 or 32.59% of the total outstanding warrants.

Upon completion of the acquisition, Lim and parties acting in concert held 59.24% of TMC shares and also 130.73 million warrants.

TMC shares closed flat at 46.5 sen and the warrants shed 0.5 sen to 7.5 sen.
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