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DKSH Holdings (Malaysia) Bhd (KL:DKSH) has decided to table its selective capital reduction and repayment (SCR) proposal to minority shareholders, after its non-interested directors concluded deliberations on the RM249.1 million privatisation plan put forward by its major shareholder.
DKSH Holdings (Malaysia) Bhd (KL:DKSH) has until Jan 30 to respond to its major shareholder’s bid to take the company private, as a key minority shareholder opposes the offer.
In a Bursa Malaysia filing, the company said it had asked for and received more time to decide whether to table the proposed selective capital reduction to minority shareholders.
Last week, the board of UEM Edgenta Bhd (KL:EDGENTA) decided to table a proposal for a selective capital reduction (SCR) and repayment exercise at RM1.10 per share to the company’s shareholders.
The proposal is the crux of a corporate exercise initiated by the largest shareholder, UEM G...
EVEN as overall trading activity on the local stock market remained subdued this year, Bursa Malaysia hit its target of 60 initial public offerings (IPOs), placing Malaysia top of the Asean IPO market in terms of listing numbers.
But underscoring the competition for investor interest, t...
DKSH Holdings (Malaysia) Bhd’s (KL:DKSH) (DKSH Malaysia) largest minority shareholder has urged investors to reject a takeover bid by the market expansion services provider’s Swiss parent, describing the offer as “awfully low”.
Switzerland-based DKSH Holding Ltd, which already controls ...
Analysts are deeming the proposed privatisation of DKSH Holdings (M) Bhd by its parent company DKSH Resources (M) Sdn Bhd, a fair and attractive offer.
KUALA LUMPUR: Bursa Malaysia’s key index ended lower today, in line with most regional markets, amid mixed signals from Wall Street as investors turned cautious ahead of the highly anticipated United States Federal Reserve’s (Fed) policy announcement later tonight.
KUALA LUMPUR: Bursa Malaysia's key index ended lower today, in line with most regional markets, amid mixed signals from Wall Street as investors turned cautious ahead of the highly anticipated United States Federal Reserve's (Fed) policy announcement later tonight.
KUALA LUMPUR: Bursa Malaysia retreated in the morning session as investors booked profits ahead of the US Federal Reserve's interest rate decision later today, mirroring subdued regional markets.