KUALA LUMPUR: NV Multi Corp Bhd shares advanced on Thursday, Oct 14 after its board accepted the takeover offer at 78 sen a share, or approximately RM295 million, from Mutual Tactic Sdn Bhd.
At 9.20am, NV Multi was up 9.5 sen to 73.5 sen with 633,000 shares traded.
The board has appointed HwangDBS as principal adviser of NV Multi in relation to the offer and engaged Affin Investment Bank Bhd as independent adviser to the non-interested directors and shareholders of NV Multi on the fairness and reasonableness of the offer.
Last Friday, NV Multi managing director Datuk Kong Hon Kong and his son Kong Yew Foong and parties acting in concert offered to acquire the 378.34 million shares of the bereavement care company for about RM295 million. This included its entire business and undertakings, including assets and liabilities.
At 9.20am, NV Multi was up 9.5 sen to 73.5 sen with 633,000 shares traded.
The board has appointed HwangDBS as principal adviser of NV Multi in relation to the offer and engaged Affin Investment Bank Bhd as independent adviser to the non-interested directors and shareholders of NV Multi on the fairness and reasonableness of the offer.
Last Friday, NV Multi managing director Datuk Kong Hon Kong and his son Kong Yew Foong and parties acting in concert offered to acquire the 378.34 million shares of the bereavement care company for about RM295 million. This included its entire business and undertakings, including assets and liabilities.
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