UMW Holdings may need to pay about RM1.12bil in cash and issue 49.3 million new shares at RM6.09 a share to privatise MBM and acquire the additional 10% stake in Perodua from PNB Equity Resources.
PETALING JAYA: The board of MBM Resources Bhd
is expected to seek a higher price from UMW Holdings Bhd in the takeover offer for the former.
Sources said Med-Bumikar Mara Sdn Bhd, the major shareholder of MBM, is expected to communicate to the board of MBM to negotiate for a higher price than what is on the table at the moment.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
