AbleGroup gets general offer for 13 sen per share

PETALING JAYA: Ablegroup Bhd has received a general offer from a group led by its managing director Datuk Allan Lim Kim Huat at a cash consideration of 13 sen per share.

In a filing with Bursa Malaysia, AbleGroup said Parallel Pinnacle Sdn Bhd, whose controlling shareholders are Lim and his wife Datin Chan Shiou Bin, had entered into an unconditional share sale agreement to acquire 28.3 million shares, or a 10.72% stake, in AbleGroup at 13 sen per share.