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KAYIN Holdings Sdn Bhd, which is making a conditional voluntary general offer (VGO) to buy the remaining shares in Selangor Properties Bhd (SelProp) for RM2.40 each, is aiming for a minimum 50% plus one share in SelProp, a company spokesman said yesterday.
Selangor Properties Bhd has received a conditional voluntary offer (VGO) from its major shareholder, Kayin Holdings Sdn Bhd, to buy the remaining shares in the company for RM2.40 each.
SELANGOR Properties Bhd will focus on its core businesses of property development, education and investment property this year.
LION Diversified Holdings Bhd said its unit LDH Management Sdn Bhd has teamed up with American International Assurance Co Ltd (AIA), Koh Maju Sdn Bhd (KMSB) and Market Venture Pte Ltd (MVPL) to form a joint venture to buy a piece of freehold commercial land in Damansara Heights, Kuala Lumpur, for RM39.8mil cash, to build serviced apartments.
PROPERTY company Selangor Properties Bhd will subscribe to 17.28 million Multiplex stapled securities at A$4.05 per security or a total of A$70mil in cash.