LTAT buys out BPlant after KLK's bid falls through
KUALA LUMPUR (Oct 5): Lembaga Tabung Angkatan Tentera (LTAT) is planning to buy out Boustead Plantations Bhd (BPlant) at an offer price of RM1.55 per share.
This comes immediately after the proposed disposal of a 33% stake in BPlant by LTAT and Boustead Holdings Bhd (Boustead) to Kuala Lumpur Kepong Bhd (KLK) fell through.
"Following this termination, LTAT wishes to also announce that it aims to proceed with the general offer of BPlant at an offer price of RM1.55 per share, subject to regulatory approvals," LTAT said in a statement on Wednesday. At an offer price of RM1.55 per share, it represents a premium of 22% over BPlant's last traded price of RM1.27 on Tuesday.
Stock: [BPLANT]: BOUSTEAD PLANTATIONS BHD
2023-10-05 06:49 | Report Abuse
The Edge CEO Morning Brief 5 Oct:
LTAT buys out BPlant after KLK's bid falls through
KUALA LUMPUR (Oct 5): Lembaga Tabung Angkatan Tentera (LTAT) is planning to buy out Boustead Plantations Bhd (BPlant) at an offer price of RM1.55 per share.
This comes immediately after the proposed disposal of a 33% stake in BPlant by LTAT and Boustead Holdings Bhd (Boustead) to Kuala Lumpur Kepong Bhd (KLK) fell through.
"Following this termination, LTAT wishes to also announce that it aims to proceed with the general offer of BPlant at an offer price of RM1.55 per share, subject to regulatory approvals," LTAT said in a statement on Wednesday.
At an offer price of RM1.55 per share, it represents a premium of 22% over BPlant's last traded price of RM1.27 on Tuesday.
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Ahh LTAT offering same price to buy BPLANT..