The proposed privatisation of Cycle & Carriage Bintang Bhd (CCB) via a special capital repayment of RM2.20 a share fell through as it did not secure the majority needed from the disinterested shareholders during its EGM on Tuesday.
KUALA LUMPUR: The proposed privatisation of Cycle & Carriage Bintang Bhd (CCB) via a special capital repayment of RM2.20 a share fell through as it did not secure the majority needed from the disinterested shareholders during its EGM on Tuesday.
“Based on the poll results, the special resolution was voted for by 46.22% in number and 57.94% in value to the votes attached to the disinterested CCB's shares that were cast either in person or by proxy at the EGM.
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