Amcorp Group proposes take-over for remaining 37.5% stake in MCM Tech (Edge)

Amcorp Group Bhd’s unit Mezzanine Capital Sdn Bhd has served a notice of conditional voluntary take-over of MCM TECHNOLOGIES BHD [] to acquire the remaining 37.5% stake at 13 sen per share.

Mezzanine Capital, which owns 62.5% or 199.74 million shares in MCM Tech, had on Friday, Sept 24 said it does not intend to maintain the listing status if it holds more than 75% of the shares.

MCM Tech said the board had deliberated on the notice and “does not intend to seek an alternative person to make a take-over offer for the offer shares”.