Bursa Alert
Global Market
NewsMuda Hldgs denies report
Page 1 of 1
Muda Hldgs denies report
by hlk Thu 14 Jul 2011, 08:15
MUDA Holdings Bhd, a paper milling and packaging firm, has denied a report that it may be a takeover target for Japanese firm Oji Paper Co Ltd.
A business daily yesterday cited sources as saying that Oji had approached Muda’s major shareholders and offered to take over the company.
“After due and diligent enquiry with all the directors, major shareholders and all such person reasonably familiar with the matter, the board of directors of Muda Holdings denies the takeover report and confirms that the major shareholders or directors ... have not been approached by Oji Paper for any takeover deal,” Muda Holdings said in a stock exchange filing.
A business daily yesterday cited sources as saying that Oji had approached Muda’s major shareholders and offered to take over the company.
“After due and diligent enquiry with all the directors, major shareholders and all such person reasonably familiar with the matter, the board of directors of Muda Holdings denies the takeover report and confirms that the major shareholders or directors ... have not been approached by Oji Paper for any takeover deal,” Muda Holdings said in a stock exchange filing.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Muda falls after denying takeover report
» CI Hldgs climbs on Permanis sale report
» IMF denies report on $600 bln lending facility
» Morgan Stanley denies Fox layoff report
» PDZ denies report on asset-buy, corporate exercise talks
» CI Hldgs climbs on Permanis sale report
» IMF denies report on $600 bln lending facility
» Morgan Stanley denies Fox layoff report
» PDZ denies report on asset-buy, corporate exercise talks
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|