UEM acquires 1.5 mil MAHB shares at RM10.96 per share


KUALA LUMPUR: UEM Group Bhd acquired 1.5 million shares in Malaysia Airports Holdings Bhd (MAHB) at RM10.96 per share on Friday, Jan 24, 2025.

In a note today, AmInvestment Bank Bhd, on behalf of Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd (joint offerors), said the transaction is part of the ongoing takeover process initiated by the joint offerors to acquire all remaining ordinary shares in MAHB that they have not already held.

As at Jan 24, MAHB shares held by the joint offerers have reached 92.82 per cent, exceeding the 90 per cent threshold. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAHB , AmInvestment Bank , shares , GDA , joint offerors

Next In Business News

Destini's RAILTEC bags RM45.58mil RAC contract
Bursa Malaysia's key index ends higher on bargain-hunting
TNB, Air Selangor team up to enhance country's energy and water infrastructure
Oriental Interest expands income stream with RM280mil acquisitions
SNS Network scores record RM1.22bil contract for the supply of servers
CapitaLand Malaysia records higher net profit of RM44mil in 2Q
Wall St futures rise as US, Iran pause hostilities
OCBC Malaysia, CGC launch RM1.3bil guarantee facility to boost SME financing
Malaysia must build future-ready workforce to capitalise on Asia's economic rise
FBM KLCI mirrors upbeat regional performance

Others Also Read