KUALA LUMPUR: MMC Corp Bhd’s shares surged in early trade Friday after its major shareholder proposed to take it private at RM2 per share.
The conglomerate jumped 30%, or 39 sen to RM1.69, its highest since May 2018.Tan Sri Syed Mokhtar Albukhary has made an offer to take MMC Corp private via a selective capital reduction and repayment (SCR) exercise.
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