MMC to raise stake in NCB to 83.55%, make general offer

MMC Corp Bhd proposes to acquire a 53.42% equity interest in NCB Holdings Bhd from Permodalan Nasional Bhd (PNB) and AmanahRaya Trustees Bhd for RM1.105 billion, triggering a mandatory general offer (MGO). In a filing with Bursa Malaysia yesterday, MMC Corp and its subsidiary MMC Port Holdings Sdn Bhd announced that it had entered into …
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Author: hellenicshippingnews

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