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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.
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