Monday, October 24, 2011

PNB buys nearly 3.5m S P Setia shares

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) raised its stake in S P Setia Bhd with the purchase of another 3.469 million shares and 1.206 million warrants in the open market last Friday, Oct 21.

Maybank Investment Bank said on Monday, Oct 24 that PNB ought the 3.469 million shares at an average price of RM3.82 sen. It bought the 1.206 million warrants at an average of 87.5 sen.

On Sept 28, PNB serve the notice of take-over offer on S P Setia to acquire the shares at RM3.90 each and 91 sen per warrant.

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