A merger exercise is on the cards for AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd to create a larger group to gear up for expansion. All three companies have been suspended from today until Monday pending material announcement expected Friday.
• Sources say the merger exercise will likely be done through a SPV which will acquire shares in all three companies via a share swap. The SPV will then take over the listing status of one of the companies. All three companies share a common shareholder in Datuk Goh Tian Chuan. (Financial Daily)
• Sources say the merger exercise will likely be done through a SPV which will acquire shares in all three companies via a share swap. The SPV will then take over the listing status of one of the companies. All three companies share a common shareholder in Datuk Goh Tian Chuan. (Financial Daily)
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