Bursa Alert
Global Market
NewsPrivatisation of Glenealy approved at EGM (2372)
Page 1 of 1
Privatisation of Glenealy approved at EGM (2372)
by hlk Thu 13 Sep 2012, 14:29
KUALA LUMPUR: Samling Global Ltd has received nearly all the shareholders' approval to go ahead with the privatisation of Glenealy Plantations (M) Bhd.
At the EGM on Thursday, minority shareholders owning about 4.23% of the shares had voted against the proposal.
Samling Global expects to complete the exercise by mid-November.
Glenealy
had on Monday offered a special dividend of 52.75 sen per share as a
sweetener to Samling Global's offer to privatise the company.
At midday, its share price was up 10 sen to RM7.85
At the EGM on Thursday, minority shareholders owning about 4.23% of the shares had voted against the proposal.
Samling Global expects to complete the exercise by mid-November.
Glenealy
had on Monday offered a special dividend of 52.75 sen per share as a
sweetener to Samling Global's offer to privatise the company.
At midday, its share price was up 10 sen to RM7.85
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Glenealy's dividend of 52.75 sen to go ex on Oct 3 (2372)
» Glenealy declares special interim dividend of 52.75 sen a share (2372)
» Glenealy Q3 pre-tax profit falls to RM19m
» Glenealy proposes RM500m notes
» Ho Hup's restructuring scheme approved
» Glenealy declares special interim dividend of 52.75 sen a share (2372)
» Glenealy Q3 pre-tax profit falls to RM19m
» Glenealy proposes RM500m notes
» Ho Hup's restructuring scheme approved
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|