?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday
KUALA LUMPUR: Construction and engineering services company Merge Energy Bhd has received an unconditional mandatory takeover offer from four companies for 34.5% of its shares at a price of 88 sent a share.
It said the four parties, namely Westiara Development Bhd, Cerdik Cempaka Sdn Bhd, Fine Approach Sdn Bhd, Anjuran Utama Sdn Bhd and Datuk Lee Tian Hock, had recently acquired 43.96 million shares or 65.5% share in Merge Energy Bhd for RM38.68mil, which triggered the takeover offer under Securities Commission Malaysia's rules.
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