Race for Silterra heats up

Sources familiar with the ongoing developments said the tech firm Green Packet put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed

PETALING JAYA: A new bid by Green Packet Bhd has turned up the heat on the ongoing tussle for Silterra Sdn Bhd, Khazanah Nasional Bhd’s loss-making chip manufacturer.

Sources familiar with the ongoing developments said the tech firm put in two offers last month, an updated binding offer of US$62.5mil assuming the equity conditions were retained and US$81.2mil in an alternative binding offer, if the equity conditions were removed.