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KUALA LUMPUR: The takeover offer for Yee Lee Corp Bhd, which trades in edible oil, at RM2.06 a share is “not fair” but “reasonable”, according to the board and independent adviser to the minority shareholders.
PETALING JAYA: The offer by Yee Lee Corp Bhd’s founder and executive chairman Datuk Lim A Heng@Lim Kok Cheong and joint offerers to acquire the remaining shares in the company that they do not already own at RM2.06 per share is fair.
PETALING JAYA: Yee Lee Corp Bhd’s major shareholders, which own a combined 89.94% stake in the company, have launched a voluntary takeover to acquire the remaining shares at RM2.06 per share.
GEORGE TOWN: Spritzer Bhd will consider delaying its RM40mil expansion exercise in light of the Movement Control Order (MCO) extension into May.
PETALING JAYA: The Malaysian electrical and electronic (E&E) industry lauds the government’s decision to allow selected economic sectors that have been operating at half capacity to operate at full capacity beginning today.
KUALA LUMPUR: Key Asian markets and Bursa Malaysia slumped in early Monday trade on growing anxiety over the fallout from the Covid-19 coronavirus as no certainty was in sight on how long it would continue.
GEORGE TOWN: Spritzer Bhd plans to set up two high speed fully automated bottling lines at its facilities in Shah Alam and Yong Peng this year as part of a RM40mil investment plan.
SPRITZER Bhd has sent 20,000 bottles of its mineral water to Guangzhou, China as a show of support the country that has been badly affected by the Covid-19 outbreak.