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Categories
| EPF proposes takeover of MRCB |
| Business & Market 2010 | |||
| Written by Joseph Chin | |||
| Wednesday, 03 March 2010 22:33 | |||
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KUALA LUMPUR: The Employees Provident Fund Board (EPF) has made a conditional take over of Malaysian Resources Corp Bhd (MRCB) for a cash consideration of RM1.50 per MRCB share. MRCB said on Wednesday, March 3 that it had received a notice of conditional take-over offer dated March 3 from RHB Investment Bank Bhd on behalf of the EPF Board. The EPF currently holds more than 33% of MRCB after the rights issue and it has to extend a conditional takeover offer for the rest of MRCB shares. MRCB shares closed at RM1.47 on Wednesday, up six sen.
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