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NewsYTL Ind offers to buy YTL Cement
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YTL Ind offers to buy YTL Cement
by hlk Mon 19 Dec 2011, 18:36
YTL Industries Bhd, a wholly-owned subsidiary of YTL Corp Bhd, has made a
conditional share exchange offer to acquire the entire equity interest
and all outstanding irredeemable convertible unsecured loan stocks in
YTL Cement Bhd.
The offer would be through the issuance of ordinary shares of 10 sen each in YTL Corp at an issue price of RM1.42 each.
In a filing to Bursa Malaysia today, YTL Corp said the relatively
low trading activity on YTL Cement shares did not present shareholders
with the necessary platform to maximise the value of their investments
in YTL Cement via a continued listing on Bursa Securities.
The proposed offer is a viable way to provide YTL Cement
shareholders more liquidity for their investment in YTL Cement shares by
exchanging for YTL Corp shares.
The YTL Corp stock was suspended today with its price at RM1.45.--Bernama
conditional share exchange offer to acquire the entire equity interest
and all outstanding irredeemable convertible unsecured loan stocks in
YTL Cement Bhd.
The offer would be through the issuance of ordinary shares of 10 sen each in YTL Corp at an issue price of RM1.42 each.
In a filing to Bursa Malaysia today, YTL Corp said the relatively
low trading activity on YTL Cement shares did not present shareholders
with the necessary platform to maximise the value of their investments
in YTL Cement via a continued listing on Bursa Securities.
The proposed offer is a viable way to provide YTL Cement
shareholders more liquidity for their investment in YTL Cement shares by
exchanging for YTL Corp shares.
The YTL Corp stock was suspended today with its price at RM1.45.--Bernama
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