Translate This Page

Friday, August 22, 2014

Ah Chye to acquire 19.9% of Talam from KEuro for RM92.4m (Edge)

Tan Sri Chan Ah Chye has entered into a memorandum of understanding (MoU) with Kumpulan Europlus Bhd (Keuro) to purchase 840 million shares or a 19.9% stake in Talam Transformation Bhd at 11 sen per share, which works out to RM92.4 million. (0.11 per share)

“The MoU would be valid for four weeks from the date of the MOU or the execution of a sale and purchase agreement of the sale shares,” the announcement by Talam said today.

Chan, who is a director at Talam, currently owns 8.68% of the property development outfit.

No comments: