Rex MD makes takeover bid

  • Business Premium
  • Wednesday, 08 Feb 2017

PETALING JAYA: Rex Industry Bhd’s substantial shareholder and managing director Darmendran Kunaretnam is making an offer to buy out the remaining shares he does not own in the company at RM1.65 apiece.

The conditional mandatory takeover offer was triggered yesterday after Darmendran and his investment vehicle, Daiman Taipan Sdn Bhd, acquired a total of 4.54 million additional shares in the company from the open market for RM7.36mil.

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Business , Rex Industry Bhd , take over , consumer


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