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Friday, August 29, 2014

KEuro aims to exit Talam Transform within a year (Edge)

Kumpulan Europlus Bhd (KEuro) plans to exit as shareholder of Talam Transform Bhd over the next 12 months, said the group’s independent non-executive director Datuk Oh Chong Peng.

“We have a plan to exit Talam since it does not fit into our plans,” he told reporters after KEuro’s annual general meeting yesterday.

In July, KEuro disposed of 230 million shares or a 5.45% stake in Talam Transform to Jejak Progresif Sdn Bhd, an investment vehicle belonging to Tan Sri Chan Ah Chye, for 9.4 sen apiece. Last Thursday, KEuro said it had entered into a memorandum of understanding with Chan to sell 840 million shares to him at 11 sen per share. ...

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