TA Global takeover in focus

TA Enterprise Bhd’s (TAE) application to ask the Securities Commission (SC) permission to withdraw its offer to buyout TA Global Bhd (TAG) heralds the drastic implications that the coronavirus pandemic can have on capital markets.

The regulator has a tough decision to make, considering that TAE has cited the adverse impact of the Covid-19 pandemic to TAG’s business as the reason for making the application.