BSL slides over unsuccessful corporate exercise

After market close, BSL informed Bursa Malaysia that a third party, which had earlier verbally approached the major shareholder to acquire its stake, decided not to pursue the discussion further.

KUALA LUMPUR: Shares of BSL Corp Bhd closed lower at 57.5 sen yesterday ahead of its announcement about a proposed corporate exercise involving a major shareholder which did not get through.

At 5pm, the share price was down 15.5 sen to 57.5 sen. There were 7.32 million shares traded.