Minister Johari launches MGO for KUB

PETALING JAYA: Cabinet minister and tycoon Datuk Seri Johari Abdul Ghani has launched a mandatory general offer or MGO for KUB Malaysia Bhd, after open market purchases of KUB shares had lifted his stake to over 33%.

The offer was made via his vehicle, JAG Capital Holdings Sdn Bhd, whose purchase of 1.79 million shares from the open market raised its stake to 33.3%.