KUALA LUMPUR: Shares of JOTECH HOLDINGS BHD [], AIC CORPORATION BHD [] and AutoV Corporation Bhd advanced on resuming trade on Monday, August 1 following Temasek Formation Sdn Bhd (TFSB), a special purpose company, proposing to acquire their entire interests including assets and liabilities for a total of RM696 million.
At 9.05am, Jotech was up one sen to 16.5 sen with 8.79 million shares traded.
Meanwhile, AutoV added nine sen to RM2.09 and AIC was up eight sen to RM1.57.
TFSB, which is owned by Jotech executive chairman Datuk Goh Tian Chuan, will then merge the companies to create a larger entity.
Under the exercise, the company is offering 18 sen for each Jotech share, RM1.80 for each AIC share and RM2.38 per AutoV share.
Based on the above, the proposed swap ratios are three new TFSB shares for every two existing Jotech shares; 15 new TFSB shares for every 1 existing AIC share and 119 new TFSB shares for every six AutoV shares.
Goh last Friday said the merger would create a larger manufacturing group with diverse customer portfolios in a wide range of industries comprising medical and life sciences, automotive industry, the electrical and electronics industry (including the semiconductor industry).
At 9.05am, Jotech was up one sen to 16.5 sen with 8.79 million shares traded.
Meanwhile, AutoV added nine sen to RM2.09 and AIC was up eight sen to RM1.57.
TFSB, which is owned by Jotech executive chairman Datuk Goh Tian Chuan, will then merge the companies to create a larger entity.
Under the exercise, the company is offering 18 sen for each Jotech share, RM1.80 for each AIC share and RM2.38 per AutoV share.
Based on the above, the proposed swap ratios are three new TFSB shares for every two existing Jotech shares; 15 new TFSB shares for every 1 existing AIC share and 119 new TFSB shares for every six AutoV shares.
Goh last Friday said the merger would create a larger manufacturing group with diverse customer portfolios in a wide range of industries comprising medical and life sciences, automotive industry, the electrical and electronics industry (including the semiconductor industry).
No comments:
Post a Comment