Pui’s challenge fizzles out
FOR three weeks beginning Dec 18,2020, there were doubts if Batu Kawan Bhd
would be successful in its offer to take over Chemical Company of Malaysia Bhd (CCM).
This is following the emergence of low-profile seasoned investor Pui Cheng Wui in CCM with a 16.12% stake.
If Pui did not accept the offer, Batu Kawan would not be able to reach the 90% acceptance level threshold to take CCM off Bursa Malaysia.
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