KUALA LUMPUR: JcbNext Bhd
has disposed of its entire 9.45% equity interest in Nova Pharma Solutions Bhd for RM5.21mil after accepting an unconditional mandatory takeover offer from Southern Score Builders Bhd.
In a filing with Bursa Malaysia yesterday, the investment holding company said the disposal involved 14.08 million ordinary shares in Nova Pharma at a cash consideration of 37 sen per share.
“Pursuant to paragraph 9.19(26) of the Main Market listing requirements of Bursa Malaysia Securities Bhd, the board wishes to announce that JcbNext had on Jan 19, ceased to be a substantial shareholder of Nova Pharma following the disposal,” it said. — Bernama
