Tan Sri Dr Chen Lip Keong and the parties acting in concert in the offer for Karambunai Corp Bhd (KCB)’s shares have ended up with 5.32 million or 92.14% of the company’s shares as at the close of his unconditional voluntary takeover offer yesterday.
According to a filing with the bourse, the gaming tycoon, better known as the founder of Hong Kong-listed NagaCorp Ltd, also holds 832.42 million or 82.01% of outstanding warrants.
Given the offeror does not intend to maintain the listing status of KCB, the trading of its shares and warrants will be suspended upon the expiry of five market days from the closing date.
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yet110423
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Posted by yet110423 > 2013-10-28 10:28 | Report Abuse
WTH 600% ?!!!