Private vehicle of Tiong Nam MD makes an offer of 65 sen per share
PETALING JAYA: TNTT Realty Sdn Bhd, the private vehicle of Tiong Nam Logistics Holdings Bhd
managing director Ong Yoong Nyock, has launched a takeover of Wong Engineering Corp Bhd at 65 sen a share.
TNTT – a major shareholder of Tiong Nam - and Yong Loy Huat had yesterday acquired 39.42 million Wong Engineering shares or a 43.07% stake for RM25.62mil via a busines transaction.
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