More than 10 companies get offers over the last two months

PETALING JAYA: A combination of factors such as expectations of more robust economic prospects next year coupled with the last leg of cheap credit are likely behind a spate of takeovers of locally listed companies.

Over the last two months, a record of more than 10 listed companies have become the target of takeover attempts, mostly by the company’s existing major owners.

To name a few, companies such as Johan Holdings Bhd , Hovid Bhd , Willowglen MSC Bhd , Yi-Lai Bhd and Wang-Zheng Bhd have seen takeover offers by their major shareholders.

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