Lim Kian Onn takeover bid for ECM Libra fails

KUALA LUMPUR: ECM Libra Group Bhd’s deputy chairman Datuk Lim Kian Onn, who launched a conditional mandatory general offer (MGO) in May 2022, has failed in his takeover bid of the company.

As at 5 pm on July 18, the offeror and persons acting in concert (PACs) hold in aggregate 201.14 million shares or a 41.91% stake in the ECM Libra.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ECM Libra , Lim Kian Onn , MGO , takeover

Next In Business News
Nexgram to focus on core operations
From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
NuEnergy disposes of 50% stake in warehousing firm for RM24.5mil
Ringgit continues to soar against greenback as US consumer confidence remains weak
PLB Engineering flagged for material uncertainty by external auditor
SIB disposes of land in Negeri Sembilan for RM25mil
Advancecon appoints Phum Boon Eng as managing director
Kinergy Advancement to change stock short name to KINERGY from Dec 30
FBM KLCI extends rally on Christmas Eve; ringgit at five-year high
Higher corporate bond yields push issuers to delay debt sales to next quarter

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.