KUALA LUMPUR: Philippines-based property developer Ayala Land Inc’s unit Regent Wise Investments Ltd will buy some 230 million shares in Bursa Malaysia-listed property counter MCT Bhd for RM202.5mil cash, or 88 sen per share, upping its current stake in the firm from 32.95% to 50.19%.
Regent Wise will be acquiring the shares from Tan Sri Goh Ming Choon, another major shareholder of the company, the firm said in an announcement to Bursa Malaysia.
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