KUALA LUMPUR: SUNWAY CITY BHD []'' (SunCity) has proposed to acquire a 45% stake in theme park operator Sunway Lagoon Sdn Bhd (SLSB) for RM128.57 million and raise its shareholding to 96%.
SunCity, which owns 51% of SLSB, said on Thursday, Sept 2 it was acquiring the shares from Datuk Lim Say Chong and Oh Kim Sun respectively.'' Lim and Oh held 1.9 million and 2.6 million RM1 shares each, representing 19% and 26% equity interests respectively in SLSB.
'By owning 96% of SLSB and with the same management effort, SunCity will have greater share of the future earnings of SLSB group,' it said in a statement to Bursa Malaysia. The acquisition would be from internally generated funds.
SunCity, which owns 51% of SLSB, said on Thursday, Sept 2 it was acquiring the shares from Datuk Lim Say Chong and Oh Kim Sun respectively.'' Lim and Oh held 1.9 million and 2.6 million RM1 shares each, representing 19% and 26% equity interests respectively in SLSB.
'By owning 96% of SLSB and with the same management effort, SunCity will have greater share of the future earnings of SLSB group,' it said in a statement to Bursa Malaysia. The acquisition would be from internally generated funds.
can i know the sunway lagoon sdn bhd share price and dividend per share?
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