Berjaya Corporation Bhd (BCorp) may attract investor interest on July 24 after it announced that its Hong Kong-listed 49.43% unit Berjaya Holdings (HK) Ltd (BHK) is in talks with parties, including BCorp, in relation to a potential and substantial acquisition that may lead to a takeover offer by BCorp.
BCorp said on July 23 that any definitive acquisition may lead to the issue of shares, as consideration and upon conversion of the convertible securities, resulting in BCorp and the parties acting in concert with it being required to make a general offer in BHK.
However, it said as there was no definitive agreement yet and as such, the potential acquisition may or may not proceed.
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