M&A Securities to be listed on Bursa via RTO


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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Insas Bhd , M&A Securities , listed , Bursa , RTO , SYT Resources ,

   

Next In Business News

Hong Kong's cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged
Maybank’s financial literacy programme reaches out to over 37,000 students in 2022
Oil climbs as dollar slumps, OPEC+ keeps output cut policy
Shell makes record US$40bil annual profit
Sony Q3 profit down 7.8%, but beats analysts' estimates
Adani group's market losses hit US$100bil as stocks sink after botched share sale
DNeX secures maintenance job for IRB tax system
Oil climbs as dollar slumps, Opec+ keeps output cut policy
Kerjaya Prospek subsidiary bags RM135.41mil design-and-build job
Tech counters surge on Bursa

Others Also Read