NPC Resources' major shareholders propose privatisation at RM2.82 per share

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.