Homepage
PR Newswire
07-06-2011, 05:36 PM
Within 2 weeks of announcing the privatisation of the company, Kuok group has announced yesterday that they (and parties in concert with them) controlled 75.27 of the company. ( Source )
They have been busy buying from the open market almost everyday. And together with the 62 persons acting in concert with them, has pushed their stake to above the 'conditional level'. This means that when the offer document is send to remaining shareholder, the offer will be unconditional.
This is good news as it just mean those who accept the offer will get their money quicker!
They have been busy buying from the open market almost everyday. And together with the 62 persons acting in concert with them, has pushed their stake to above the 'conditional level'. This means that when the offer document is send to remaining shareholder, the offer will be unconditional.
This is good news as it just mean those who accept the offer will get their money quicker!