SP Setia Requests For Suspension Amid Revised Take-over Offer
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SP Setia Requests For Suspension Amid Revised Take-over Offer
Jan 26, 2012
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KUALA LUMPUR, Jan 20 (Bernama) -- SP Setia Bhd today requested for a trading suspension of its shares on Bursa Malaysia between 2.30pm and 5pm following an announcement on the revised take-over offer by Permodalan Nasional Bhd (PNB).
The counter closed at RM3.88 when morning trading session ended at 12.30pm.
PNB will now pay RM3.95 for each share and 91 sen for per warrant after earlier making a conditional offer to take over SP Setia at RM3.90 per share.
In a statement, PNB said it would pay in cash every holder who wished to accept the deal.-BERNAMA
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Related Categories: Daily Property News and Updates
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