QL intends to maintain the listing status of Boilermech and does not intend to acquire any remaining offer shares from shareholders who have not accepted the offer.
KUALA LUMPUR: Boilermech Holdings Bhd saw 20.6 million of its shares traded off-market yesterday at an average price of 95 sen.
The transaction matched a Dec 3 announcement by QL Resources Bhd
after its wholly-owned subsidiary QL Green Resource Sdn Bhd entered into an unconditional acquisition agreement with Boilermech to acquire a 4% stake for RM19.6mil cash.
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