Mulpha gets takeover offer at RM2.30 per share


KUALA LUMPUR: Mulpha International Bhd has received an unconditional voluntary takeover offer notice at RM2.30 per share from several joint offerors to acquire the remaining shares not held by them.

In a filing with Bursa Malaysia, Mulpha said the joint offerors intend to undertake an unconditional voluntary take-over offer to acquire all the remaining 155.52 million ordinary shares in Mulpha or approximately 49.98% of the total issued shares of Mulpha not already held by the joint offerors.

The joint offerors are Lee Ming Tee (LMT), Lee Seng Hui (LSHui), Lee Seng Huang (LSH), Klang Enterprise Sdn Bhd (KESB), Sagittarius Management Sdn Bhd (SMSB), Mount Glory Investments Limited (MGlL), Magic Unicorn Limited (MUL), Mountbatten Corporation (Mcorp) and Nautical Investments Limited (NlL).

Mulpha has a total number of 311.17 million Mulpha shares in issue. The joint offerors (save for LShui and SMSB) collectively hold 155.65 million Mulpha shares, representing approximately 50.02% of the total issued shares of Mulpha.

The offer price of RM2.30 sen is at a premium to Mulpha last traded price of RM2.10.

The joint offerors intend to maintain the listing status of Mulpha on the Main Market of Bursa Securities.

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