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PETALING JAYA: The Tan family’s attempt to tighten their grip on the crown jewel parked under IGB Corp Bhd will likely be met with resistance from minority shareholders, as the takeover offer made through Goldis Bhd has been deemed as unattractive by most market players.
PETALING JAYA: IGB Corp Bhd will put forward a proposal to its shareholders to take the company private.
PETALING JAYA: Goldis Bhd’s major shareholders will have to wait for another month to know whether their proposal to take over IGB Corp Bhd will be put up for consideration. In an announcement yesterday, IGB said Goldis had agreed to its request for an extension of time to April 28 for the group to evaluate the proposed offer.
PETALING JAYA: The Tan family is one step away from completing its plan to consolidate Goldis Bhd and IGB Corp Bhd into a single listed company.
PETALING JAYA: IGB Corp Bhd will present the revised terms of its takeover offer by Goldis Bhd to its shareholders for deliberation, before making a decision to take it private.
PETALING JAYA: Property firm Ecofirst Consolidated Bhd has signed an option agreement with IGB Corp Bhd to buy a 25-acre freehold parcel in Gombak, Selangor, for RM62.8mil.