KUALA LUMPUR: Permodalan Nasional Bhd (PNB) continued to acquire shares and warrants of S P Setia Bhd after serving a notice of take-over offer, with the recent acquisition of more than nine million shares and more than one million warrants on Friday, Oct 7.
A filing with Bursa Malaysia on Monday, Oct 10 showed PNB acquired 9.139 million shares at an average of RM3.8898 a piece and 1.059 million warrants at 89.5 sen a piece
PNB had on Sept 28 served the notice of takeover on S P Setia when its shareholding reached 33.16% or 590.502 million shares. PNB offered RM3.90 cash per SP Setia share and 91 sen per warrant respectively
S P Setia shares fell two sen to RM3.88 while the warrants lost two sen to 87.5 sen.
A filing with Bursa Malaysia on Monday, Oct 10 showed PNB acquired 9.139 million shares at an average of RM3.8898 a piece and 1.059 million warrants at 89.5 sen a piece
PNB had on Sept 28 served the notice of takeover on S P Setia when its shareholding reached 33.16% or 590.502 million shares. PNB offered RM3.90 cash per SP Setia share and 91 sen per warrant respectively
S P Setia shares fell two sen to RM3.88 while the warrants lost two sen to 87.5 sen.
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