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TMC Life will not seek alternative offer

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TMC Life will not seek alternative offer Empty TMC Life will not seek alternative offer

Post by Cals Mon 11 Aug 2014, 23:03

TMC Life will not seek alternative offer
Business & Markets 2014
Written by theedgemalaysia.com   
Monday, 11 August 2014 18:19

KUALA LUMPUR: TMC Life Bhd announced that its board has deliberated the general offer of the healthcare group made by Singapore tycoon Peter Lim, and it has decided not to seek alternative offer.

In an announcement to Bursa Malaysia, TMC also said the board, save for the interested directors, has resolved to appoint Mercury Securities Sdn Bhd as the independent adviser to advise on the general offer.

Lim made a mandatory general offer at 48 sen per share and eight sen per warrant, after he has bought a 26.65% equity stake from Tan Sri Vincent Tan last week. The share purchase has raised his shareholding to 59.24% in TMC. 

TMC share price closed at 48 sen today.
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