KUALA LUMPUR: Stocks to watch on Thursday include TA Enterprise Bhd
, Kelington Group Bhd, MALAYSIA MARINE AND HEAVY ENGineering Bhd, CJ Century Logistics Holdings Bhd and Genting Plantations Bhd, according to JF Apex Research.
TA Enterprise is making a conditional voluntary offer to buy out 2.12 billion shares, which is equivalent to a 39.83% stake in TA Global it does not already own.
The stockbroking group is offering two options, namely cash offer or a share swap, for TA Global’s minority shareholders.
TA Global shareholders may choose from either a cash offer of 28 sen per existing share held, or a share swap based on an exchange ratio of 0.4211 new ordinary share in TA Enterprise to be issued at 66.5 sen each for every TA Global share surrendered.
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