SIG Gases receives RM226.59mil offer for unit
“The shareholders of SIGGAS and potential investors are advised to exercise caution when dealing in SIGGAS’ shares, as there is no certainty that the offer may proceed or may result in a binding agreement,” SIG Gases said in a statement.
KUALA LUMPUR: SIG Gases Bhd 
has received an offer from Air Liquide Malaysia Sdn Bhd for the acquisition of its wholly owned subsidiary, Southern Industrial Gas Sdn Bhd (SIGSB), for RM226.59mil cash.
The offer for 100% equity interest in SIGSB includes the company’s 40% minority shareholding in Iwatani-SIG Industrial Gases Sdn Bhd.
The offer is subject to adjustment, less bank borrowings plus cash and bank balances as detailed in the offer letter.
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