NuEnergy takeover becomes unconditional


PETALING JAYA: Agrobulk Holdings Sdn Bhd’s takeover offer in NuEnergy Holdings Bhd has become unconditional as the former is currently holding more than 50% of NuEnergy’s shares.

Last month, solar energy firm NuEnergy received a conditional voluntary takeover offer from its single largest shareholder, fertiliser group Agrobulk for its remaining shares at 60 sen a share. At that time, Agrobulk owned 30.87% in NuEnergy.

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