Under the proposal, TAG shareholders are given the choice of either a cash offer of 28 sen per existing share held, or a share swap based on an exchange ratio of 0.4211 new ordinary shares in TAE to be issued at 66.5 sen each for every TAG share surrendered.
According to the takeover offer notice, attached to TAE’s filing with Bursa Malaysia yesterday, their collective shareholdings are based on the indicative enlarged issued share capital of TAE at 2.49 billion units. Based on TAE’s existing number of issued shares at 1.71 billion units, the 65.5 sen a share offer values it at about RM1.12 billion.
The project in Langkawi will have a premium outlet, an International Cultural and Tourism Village, a hotel, and food a beverage outlets, according to Bina Darulaman's stock exchange filing today. Perbadanan Kemajuan Negeri Kedah has a 67.28% stake in the company as of May 29, 2020.
Total active cases — which carry high transmission risks — rose to 13,830,
The government is seeking to recover 263 pieces of branded handbags, 40 pieces of branded watches, 27 pairs of branded shoes, cash in various denominations including some RM725,000, 26 Nissan Urvan vehicles, and a Nissan X-Trail.
Of the 35 employees who tested positive, 20 are from the group's Bestari Jaya operations and the other 15 are from its Next Generation Integrated Glove Manufacturing Complex in Sepang. All of them were asymptomatic during the tests.
The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations.
Rapid improvement in the global energy demand, spurred by the coronavirus vaccine optimism, may provide some support to the industrial sector
The loss of employment is concentrated in Selangor and Kuala Lumpur, which hold some of the highest numbers of positive cases in the country
Out of the 1,229 new cases, 1,227 were local transmissions, while two were imported.
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