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NewsExclusive HELP gets acquisition offer from private equity fund
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Exclusive HELP gets acquisition offer from private equity fund
by hlk Thu 05 Dec 2013, 11:02
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Thursday, 05 December 2013 10:12
A + A - Reset
KUALA LUMPUR (Dec 5): Education entity HELP International Corp Bhd has
received an acquisition offer from a private equity fund at RM2.53 a share,
sources say.
The source told the theedgemalaysia.com over telephone today that trading of
HELP shares has been suspended due to the proposed offer.
"There is allocation of funds for HELP's expansion," the source said.
The source also said the private equity fund intends to add HELP into the
fund's investment portfolio. This is because the investor plans to widen its
regional exposure.
Trading of HELP shares are suspended from 9am to 5pm today. HELP said in a
statement to the exchange yesterday that the firm plans to make a "very
material announcement".
The offer price of RM2.53 is a 10% premium over HELP shares' closing price of
RM2.29 yesterday.
At RM2.53 a share, HELP has a market value of RM359 million.
Written by Shalini Kumar of theedgemalaysia.com
Thursday, 05 December 2013 10:12
A + A - Reset
KUALA LUMPUR (Dec 5): Education entity HELP International Corp Bhd has
received an acquisition offer from a private equity fund at RM2.53 a share,
sources say.
The source told the theedgemalaysia.com over telephone today that trading of
HELP shares has been suspended due to the proposed offer.
"There is allocation of funds for HELP's expansion," the source said.
The source also said the private equity fund intends to add HELP into the
fund's investment portfolio. This is because the investor plans to widen its
regional exposure.
Trading of HELP shares are suspended from 9am to 5pm today. HELP said in a
statement to the exchange yesterday that the firm plans to make a "very
material announcement".
The offer price of RM2.53 is a 10% premium over HELP shares' closing price of
RM2.29 yesterday.
At RM2.53 a share, HELP has a market value of RM359 million.
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