In a circular to E&O shareholders filed today, BDO CC pointed to the offer’s “significant discount of RM1.52 or 71.7% to the estimated fair value per E&O share of RM2.12”.
Sarawak reported the highest number of daily new Covid-19 cases at 508, followed by Selangor and Johor at 431 and 387 respectively.
Selangor overtook Sarawak today as the state with the highest number of new cases at 751 versus 512
The national R0 number has been going up since April 10, when it stood at 1.03, to 1.06 on April 11, 1.07 on April 12, 1.09 on April 13, and 1.14 yesterday.
"This is in line with our future plans to expand our business of property development in Melaka through acquisition of landbank for future projects that meet the demand of the residential property market in Melaka," the group said in a statement.
The purchase consideration comprises RM1.63 million cash and the issuance of 228.5 million new EcoFirst shares at 35 sen apiece or RM79.97 million, the group said in a statement.
Segi Astana Sdn Bhd, owned 70% by WCT, was ordered to pay the amount, based on the fixed monthly charges for chilled water for the cooling system of RM958,849 from May 2014 until September 2020.
Chan, 66, will take over from Datuk Low Keng Kok on April 1, following the announcement of Low’s resignation to pursue his personal interest, according to a bourse filing from the company
“Although the parties have continued to reassess and renegotiate the terms of the proposed acquisitions after the lapse of the conditional period on Feb 20, 2021, the parties were unable to reach an agreement to-date and have therefore decided to allow the sale and purchase agreements to lapse,” Ekovest said in a filing yesterday.