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MALAYSIA Mining Corp Bhd (MMC) has made an offer to take its 74.9%-owned subsidiary MMC Engineering Group Bhd private in a deal valued at RM34mil. It is offering to pay RM4.30 for each MMC Engineering share it does not already own or to issue two new MMC shares for every MMC Engineering share.
Asian champions Team Telekom Malaysia, who are gunning for a hat-trick of wins in the Telekom Malaysia Tour of Langkawi, announced a strong squad of four old faces and three newcomers yesterday for the Tour scheduled to run from Jan 31 to Feb 9.