KUALA LUMPUR: NPC Resources Bhd
’s major shareholders, Jubilant Ventures Sdn Bhd and Datuk Loo Pang Kee, have proposed to take the company private through a selective capital reduction (SCR) and repayment exercise at RM2.82 per share.
The palm oil producer said the proposed SCR involves a capital reduction and cash repayment of RM2.82 per share to all NPC shareholders, except for the major shareholders and those acting in concert with them.
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