WMG shareholders should reject Exsim's takeover offer, says independent adviser
“The holders will still have the opportunity to realise their investment in WMG shares at the prevailing market price on the open market after the closing date.
“The holders will still have the opportunity to realise their investment in WMG shares at the prevailing market price on the open market after the closing date.
Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.
The building works include a five-storey data centre block, office spaces and electrical substation, among other facilities, Binastra said.
In addition to the RM110 million disposal consideration, Exsim Persiaran Jalil is to also assume RM10.
The company clarified in a statement that it is not related to Exsim Hospitality Holdings Sdn Bhd, which was acquiring a 65.
The purchase price represents a 45% discount to PM Holdings’ closing price of 11 sen on Thursday, valuing the group at RM102.
This is the second contract Nestcon has secured so far in 2024.
KUALA LUMPUR (March 31): UOB Malaysia announced on Thursday (March 31) that it had successfully priced and placed out property developer EXSIM's issuance of four-year RM300 million Islamic Medium Term Notes (IMTN) at a fixed profit rate of 5.
KUALA LUMPUR (Oct 13): A visitor to EXSIM Group’s sales galleries has been found to be Covid-19 positive, the company revealed in a statement yesterday.
KUALA LUMPUR (May 20): Fire broke out at the construction site of Millerz Square on Old Klang Road, Kuala Lumpur at around 9.