KUALA LUMPUR: PULAI SPRINGS BHD [] shares rose on Tuesday, Aug 2 after its largest shareholder launched a takeover of the company by offering RM1.18 cash per share, which is 31.11% over the five-day volume weighted average price (VWAP) of 90 sen.
At 9.15am, Pulai Springs added 24 sen to RM1.14 with 6,100 shares done.
The Johor-based golf course operator said it had received the notice of conditional take-over offer from Swift Redeem Sdn Bhd, which owns 32%.
At the offer price of RM1.18 cash, this is 28 sen above the VWAP of 90 sen up to July 28.
At 9.15am, Pulai Springs added 24 sen to RM1.14 with 6,100 shares done.
The Johor-based golf course operator said it had received the notice of conditional take-over offer from Swift Redeem Sdn Bhd, which owns 32%.
At the offer price of RM1.18 cash, this is 28 sen above the VWAP of 90 sen up to July 28.
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