Under the proposed exercise, furniture maker SYF will buy M&A Securities, the stockbroking arm of Insas Bhd, for RM222mil by issuing 1.009 billion new SYF shares at 22 sen each to Insas.
PETALING JAYA: M&A Securities Sdn Bhd is set to list on Bursa Malaysia via a reverse takeover of SYF Resources Bhd.
Under the proposed exercise sanctioned conditionally by the Securities Commission (SC), furniture maker SYF will buy M&A Securities, the stockbroking arm of Insas Bhd
, for RM222mil with the consideration to be satisfied with the issuance of 1.009 billion new SYF shares at 22 sen each to Insas.
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