KUALA LUMPUR: Shares of MULTI-PURPOSE HOLDINGS BHD [] (MPHB) and its call warrants fell in line with the weaker market on Thursday, Feb 10 as investors shunned its RM1.66 billion plan to take over Magnum Holdings Bhd.
At 9.13am, MPHB was down 10.05 points to 1,526.02 with 2.51 million shares while MPHB-CA fell six sen to 36.5 sen with 395,500 units transacted.
The FBM KLCI fell 10.05 points to 1,526.02. Turnover was 137.56 million shares done valued at RM89.26 million. There were 90 gainers, 154 losers and 155 stocks unchanged.
On Wednesday, MPHB said it had inked an MoU with the CVC Capital Partners Asia Pacific group to acquire the remaining 49% stake in Magnum and RM674.65 million nominal value redeemable convertible loan stock class C of Magnum (RCULS-C) for RM1.637 billion.
MPHB said the purchase consideration for the acquisitions would be via 343.82 million new MPHB shares at an issue price of RM2.30 per share and RM809.198 million cash.
MPHB also plans to acquire two million Magnum shares or 2% equity interest and RM4.86 million nominal value of RCULS-C together from Magnum's management for RM37.198 million.
At 9.13am, MPHB was down 10.05 points to 1,526.02 with 2.51 million shares while MPHB-CA fell six sen to 36.5 sen with 395,500 units transacted.
The FBM KLCI fell 10.05 points to 1,526.02. Turnover was 137.56 million shares done valued at RM89.26 million. There were 90 gainers, 154 losers and 155 stocks unchanged.
On Wednesday, MPHB said it had inked an MoU with the CVC Capital Partners Asia Pacific group to acquire the remaining 49% stake in Magnum and RM674.65 million nominal value redeemable convertible loan stock class C of Magnum (RCULS-C) for RM1.637 billion.
MPHB said the purchase consideration for the acquisitions would be via 343.82 million new MPHB shares at an issue price of RM2.30 per share and RM809.198 million cash.
MPHB also plans to acquire two million Magnum shares or 2% equity interest and RM4.86 million nominal value of RCULS-C together from Magnum's management for RM37.198 million.
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