Monday, October 4, 2010

MMC Corp says submitted plan to acquire UEM

KUALA LUMPUR: MMC Corp Bhd confirms it had submitted a preliminary proposal to the government to acquire UEM Group Bhd.

In a statement to Bursa Malaysia on Monday, Oct 4, it said it 'has not received any indication on our proposal as yet'.

It confirmed The Edge Malaysia report entitled 'A circuitous bid to acquire PLUS' in the Oct 4 edition.

MMC said it would lead a consortium for the proposed acquisition and to-date, 'we have not approached Employees Provident Fund and/or Permodalan Nasional Bhd to be our partners'.


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