Premier Merchandise Sdn Bhd (PMSB), which controls 58.71% of Berjaya Retail Bhd has issued notice to take it private at 65 sen per share following the dismal performance of the shares since it was listed on Aug 16 last year.
B-Retail said on Friday, March 11 that PMSB had served a notice of unconditional takeover offer to take it private by buying the shares and irredeemable convertible preference shares (ICPS) which it does not own at 65 sen each.
The five-day volume weighted average market price of B-Retail shares up to March 4, being the last trading day prior to the serving of the notice was 41.2 sen while for the ICPS, it was 33.5 sen.
B-Retail said on Friday, March 11 that PMSB had served a notice of unconditional takeover offer to take it private by buying the shares and irredeemable convertible preference shares (ICPS) which it does not own at 65 sen each.
The five-day volume weighted average market price of B-Retail shares up to March 4, being the last trading day prior to the serving of the notice was 41.2 sen while for the ICPS, it was 33.5 sen.
No comments:
Post a Comment