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.
At 60 sen per share, the offer is valued at RM78.35mil.
The offer price of 60 sen was at a 20% premium over NuEnergy’s five-day average price of 50 sen.
Despite the takeover offer, Agrobulk said it intends to maintain NuEnergy’s listing status on the Main Market of Bursa Malaysia.
