In a filing with Bursa Malaysia yesterday, Insas Bhd has proposed to inject its 100% stake in M&A Securities into SYF Resources Bhd in exchange for 1.58 billion new shares in the latter at an issue price of 14 sen per share.
PETALING JAYA: Stockbroking firm M&A Securities Sdn Bhd will be listed on Bursa Malaysia through a reverse takeover (RTO) of SYF Resources Bhd
in a deal worth RM222mil.
In a filing with Bursa Malaysia yesterday, Insas Bhd has proposed to inject its 100% stake in M&A Securities into SYF Resources Bhd in exchange for 1.58 billion new shares in the latter at an issue price of 14 sen per share.
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