PETALING JAYA: Tan Sri Surin Upatkoon’s (pic) investment vehicle Pinjaya Sdn Bhd’s plan to privatise its 31.14%-owned MWE Holdings Bhd has lapsed, annulling the earlier RM391.4mil offer by Pinjaya to take the company private.
The non-interested directors of MWE had on Wednesday requested for a further one month to deliberate on the takeover offer from Surin, also an MWE board member, via his investment vehicle Pinjaya, but the request was declined by Pinjaya yesterday.
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