Opined a case of takeover of Itmaar's stakes in Turiya arising from legal litigation. Opined ppl are not bound to accept if it is too low from reasonable valuations of the company.
27th September, 2021 - "The Court reserved its decision on the injunction application to 27 September 2021 at 8.30 a.m. The Court has been made aware of the 5th Defendant's Annual General Meeting (“AGM”) that is scheduled for 27 September 2021 at 9 a.m., hence, the decision will be delivered half an hour before the AGM convenes."
"Further to the Kuala Lumpur High Court e-hearing held on 27 September 2021, the Board of Directors of Turiya wishes to announce that the Court had dismissed the Plaintiff 's injunction application (Notice of Application dated 3.7.2021 (Enclosure 2)). " Court dropped the Plantiff's application.. 'No Show' already.
MAA's shares in Turiya has reached a threshold of more than 30% . I thought it is compulsory for MAA to acquire the remaining shares in Turiya in accordance with Bursa's rules. Why ??? Any ppl are good in this to share ....
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Heavy987
135 posts
Posted by Heavy987 > 2021-09-06 19:03 | Report Abuse
Take a look on this