Monday, 15 July 2013

MWE Holdings buying a 22% stake in KEuro for RM155.9m cash or RM1.35/share

Cash-rich MWE Holdings is buying a 22% stake in KEuro and will emerge as the largest shareholder. MWE entered is into a share sale agreement with Tan Sri Chan Ah Chye and Sze Hoon Holdings to buy RM115m KEuro shares for RM155.9m cash (RM1.35/share). Tan Sri Chan Ah Chye's stake will reduce to 4.5% from 26%. IJM Corp is the second largest shareholders in KEuro with a 22.9% stake. (Edge Weekly)

No comments:

Post a Comment