IHH Healthcare Bhd
(RM3.15/share)
Gets green light to
delist Turkey unit
IHH Healthcare Bhd’s plan to delist its unit Acibadem Saglik
Hizmetleri ve Ticaret AS (ASH) on the Istanbul Stock Exchange, has been
approved by the Capital Market Boards of Turkey. IHH, which bought a 60% stake
in Acibadem, has a voluntary tender offer for the balance publicly traded
shares of the latter on the stock exchange, the company said in a filing with
Bursa Malaysia yesterday.
It has been decided that the offer price would be applied
during the voluntary tender offer transaction to shareholders of Acibadem
Saglik Yatirimlari Holdings A.S. Almond Holdings A.S. per B class Acibadem
share, with a nominal value of 24.90 Turkish Lira. Transactions on the
voluntary tender offer will be realised between Aug 3 and Aug 16. – StarBiz
TSH Resources Bhd
(RM2.60/share)
Extends acquisition
offer
TSH Resources Bhd’s proposed acquisition to integrate its
business with Pontian United Plantations Bhd (PUPB) has been extended from 5pm
on Aug 7 till 5pm on Aug 22.
TSH had proposed the acquisition of PUPB’s entire voting
shares of RM1 each via its indirect wholly-owned subsidiary Bisa Jaya Sdn Bhd,
together with Chin Leong Thye Sdn Bhd, Lee Chin Hwa, Lee Min Huat and Lee Sep
Pian.- StarBiz
Property Sector
Bidding process for
RRI land to start by year-end
The prequalification process for bids for the Rubber
Research Institutes of Malaysia (RRI) land in Sungai Buloh, Selangor, will
start by the end of this year, says a source close to the Employees Provident
Fund (EPF). The source said EPF would call for the prequalification bids as
soon as it gets the government’s nod for the proposed development of the land.
Pre-qualification bids would be opened to developers who meet the requirements,
he said.
EPF is the land owner and master developer of the project.
It is buying 890ha of the available 1,215ha RRI agricultural land from the
Federal Government for over RM2bil. The pension fund is expected to carve out
the land in parcels of 20ha to 200ha each, depending on the use of it. The idea
is to build low-end to luxury housing and commercial properties.
The balance of the RRI land is to house the Malaysian Rubber
Board hub (217ha) and the My Rapid Transit (MRT) Sungai Buloh depot (72ha). The
master planning for the land development is being carried out by EPF’s
wholly-owned unit, Kwasa Land Sdn Bhd.
An official from the EPF said Malaysian Resources Corp Bhd
(MRCB) was not involved in the master planning. – Business Times
Source: AmeSecurities
No comments:
Post a Comment