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MBM Resources likely to seek a higher price from UMW


Last Monday, 52.06% of Med-Bumikar Mara shareholders voted in favour of accepting the offer from UMW for its stake in MBM, subject to certain requirements and conditions.

Last Monday, 52.06% of Med-Bumikar Mara shareholders voted in favour of accepting the offer from UMW for its stake in MBM, subject to certain requirements and conditions.

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.

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