SPB, the major developer of Pusat Bandar Damansara in Kuala Lumpur back in the 1980s, owns several properties in Malaysia and Australia.
PETALING JAYA: Selangor Properties Bhd’s (SPB) Wen family has raised their offer to take the company private by 30 sen to RM6 per share.
In a filing with Bursa Malaysia, the Wen family via their investment vehicle Kayin Holdings Sdn Bhd said it had revised the proposed selective capital reduction (SCR) and repayment offer price to RM6 from RM5.70 previously after taking into consideration the closing price and volume weighted average market price of SPB shares up to and including Oct 24 this year, which was the last full trading day prior to the service of the proposal letter.
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