Hextar Capital paying the premium to play the telecom game

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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Monthly Plan

RM 13.90/month

RM 8.34/month

Billed as RM 8.34 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 7.40/month

Billed as RM 88.80 for the 1st year, RM 148 thereafter.

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HextarCapital , Binasat , TelecomExpansion , StrategicAcquisition , PremiumDeal , 5GInfrastructure

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