In a filing with Bursa Malaysia yesterday, Kumpulan Powernet informed its shareholders that it had received a mandatory takeover offer by Karim.
PETALING JAYA: Serba Dinamik
managing director and group CEO Datuk Mohd Karim Abdullah (pic) and his parties acting in concert (PAC) now control some 50.09% of Kumpulan Powernet Bhd following further acquisitions in the company last week.
In a filing with Bursa Malaysia yesterday, Kumpulan Powernet informed its shareholders that it had received a mandatory takeover offer by Karim.
Shares of Kumpulan Powernet have risen to a two-year high following the triggering of a mandatory general offer (MGO) after Karim purchased more shares in the company on Oct 2.
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