KUALA LUMPUR: MULPHA INTERNATIONAL BHD [], which had seen active trade recently on news that its associate FKP Property was a takeover target, saw Goldman Sachs Group, Inc. accumulating more shares in Mulpha.
A filing with Bursa Malaysia on Thursday, Nov 4 showed Goldman Sachs had acquired 7.44 million Mulpha shares on Oct 29 and Nov 1. It acquired 2.44 million shares on Oct 29 and five million units on Nov 1.
The recent transactions increased its shareholding to 135.17 million shares or 5.74%.
The Edge FinancialDaily reported that FKP, was a possible takeover target by Stockland, a leading Australian property developer as it sought to expand its retail, residential or retirement assets.
Mulpha is the single largest shareholder with 24.8% equity stake in FKP. Stockland, the second largest shareholder, owns 14.9% in FKP which is listed on the Australian Stock Exchange.
A filing with Bursa Malaysia on Thursday, Nov 4 showed Goldman Sachs had acquired 7.44 million Mulpha shares on Oct 29 and Nov 1. It acquired 2.44 million shares on Oct 29 and five million units on Nov 1.
The recent transactions increased its shareholding to 135.17 million shares or 5.74%.
The Edge FinancialDaily reported that FKP, was a possible takeover target by Stockland, a leading Australian property developer as it sought to expand its retail, residential or retirement assets.
Mulpha is the single largest shareholder with 24.8% equity stake in FKP. Stockland, the second largest shareholder, owns 14.9% in FKP which is listed on the Australian Stock Exchange.
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