KUALA LUMPUR: JF Apex Research expects MMC Corp Bhd
, Mah Sing Group Bhd, Perak Transit Bhd, Yong Tai Bhd and Johore Tin Bhd to be among the stocks to watch.
Tan Sri Syed Mokhtar Albukhary is looking to take MMC private via a selective capital reduction (SCR) for RM2 per share.
Syed Mokhtar’s vehicle Seaport Terminal (Johore) Sdn Bhd, which owns 51.76% or 1.58 billion shares in MMC, announced that it would be conducting the exercise for the 1.47 billion shares or 48.24% stake it does not own in the company.
Perak Transit is planning a bonus issue of free warrants on the basis of one warrant for every four existing ordinary shares held, to reward its shareholders.
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