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| Flash HSG Investments ups Tai Kwong offer to RM1.35 |
| Written by Joseph Chin | |||
| Friday, 12 March 2010 11:23 | |||
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KUALA LUMPUR: HSG Investments Pte Ltd has raised its takeover offer price for Tai Kwong Yokohama Bhd from RM1.09 per share to RM1.35. HSG Investments said on Friday, March 12 said those shareholders who had earlier sold their shares at RM1.09 were still entitled to the revised offer. On Thursday, it had acquired 2.2 million shares or 5.05% for RM2.97 million or RM1.35 per share. However, it still held less than 50% of the shares following its conditional take-over offer to acquire Tai Kwong Yokohama. It then decided to revise up the offer price. Trading was suspended from 9am to 12.30pm and will resume trading at 2.30pm.
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