KUALA LUMPUR: Major shareholders of NPC Resources Bhd
are currently in exploratory discussions regarding a proposal that could result in the company being taken private at RM2.82 per share.
In a filing with Bursa Malaysia, Jubilant Ventures Sdn Bhd and Datuk Loo Pang Kee, the major shareholders of NPC, said that if the proposal materialises, the privatisation price of NPC will not be lower than RM2.82 per share.
“However, in view that discussions are still ongoing, there is no conclusive indication at this juncture on whether such a proposal will actually materialise,” it said.
“This is not a notice of firm intention to privatise NPC and there is no certainty that the proposal will be implemented. In this regard, investors are advised to exercise caution when dealing in shares in NPC.”
The palm oil producer traded unchanged at RM2.90. Over the past six months, its share price has increased by 52.63%
In the nine months ended Sept 30, NPC reported a higher net profit of RM35.8mil, or earnings per share of 30.64 sen, on higher revenue of RM350.6mil.
