Takeover offer of Meta Bright fails

KUALA LUMPUR: The mandatory takeover offer of Meta Bright Group Bhd (MBGB) by Leading Ventures Sdn Bhd has not succeeded at the close of the offer yesterday.

In a filing with Bursa Malaysia yesterday, MBGB, formerly known as Eastland Equity Bhd, said its executive director and Leading Ventures’ sole director and shareholder Datuk Lee Wai Mun, and persons acting in concert with them, held a 56.48% stake in the group and also 26.08% of warrants.