HEXTAR Capital Bhd’s decision to raise its stake in Binasat Communications Bhd
may look like a bold strategic play, but the price tag is what that has turned heads.
The group, via its unit Opcom VC Sdn Bhd, agreed to buy an additional 3.19% stake at 21 sen per share – a hefty 75% premium over Binasat’s recent market price of 12 sen.
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