KUALA LUMPUR: ESSO MALAYSIA BHD [] shares were actively traded on Monday, Aug 22 after it was that the superannuation fund, Lembaga Tabung Amanah Tentera (LTAT) was keen on buying the 65% stake in Esso despite that ExxonMobil International had agreed to sell the stake to San Miguel.
At 9.45am, Esso rose eigh sen to RM4.16 with 2.04 million shares done.
A report by Berita Harian last Friday said that the LTAT was keen to buy the stake seems to have provided some support for the shares when compared to the broader market and the fall on the 30-stock FBM KLCI.
The Berita Harian said the LTAT was still keen on acquiring the Esso stake and it could offer as much as RM5.20 per share. Esso's net asset per share is RM3.28.
In April, The Edge FinancialDaily reported that BOUSTEAD HOLDINGS BHD [] and LTAT were believed to be eyeing the 65% stake. Esso's 580 Esso and Mobile service stations across the country would have complemented Boustead's own BH Petrol 300 service stations.
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At 9.45am, Esso rose eigh sen to RM4.16 with 2.04 million shares done.
A report by Berita Harian last Friday said that the LTAT was keen to buy the stake seems to have provided some support for the shares when compared to the broader market and the fall on the 30-stock FBM KLCI.
The Berita Harian said the LTAT was still keen on acquiring the Esso stake and it could offer as much as RM5.20 per share. Esso's net asset per share is RM3.28.
In April, The Edge FinancialDaily reported that BOUSTEAD HOLDINGS BHD [] and LTAT were believed to be eyeing the 65% stake. Esso's 580 Esso and Mobile service stations across the country would have complemented Boustead's own BH Petrol 300 service stations.
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