nothing is 100% sure, yet
During August , there were 2 proposed privatizations happened in Bursa Malaysia.
Apart from the privatization offer of $BPLANT(5254.MY$ from $KLK(2445.MY$ , there was also another “look-like-a-yes” deal from $SIME(4197.MY$ ‘s proposed offer for $UMW(4588.MY$
While the privatization offer of UMW is seemed like more firm and certain in a way that both of them are sharing a common major shareholder whoch is Permodalan Nasional Berhad (PNB).
PNB’s motive and plan to seal the deal is clearly a “must-go” because they have the intention to consolidate the automotive business of both UMW and SIME DARBY, in order to pave a way for the listing of PERODUA for the years to come.
However , on the other hand, the deal between $KLK(2445.MY$ and $BPLANT(5254.MY$ is in the face of doubt , due to the second postponement of the privatization deal, and this has caused the share price of Bplant to dipped for a near 20% during the market hours today.
While LTAT (being the parent co of Bplant) is looking eager to dispose the stakes in BPLANT, KLK seems like having extra advantages in negotiating for a best deal , but nothing is certain , as for now.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
▶️ Chief Trainer @Sharix.my
▶️ grow portfolio from RM 10k to RM 1 mil in 5 yrs
▶️ follow my FB [Zeff的宏财伟略]
10KFollowers
44Following
22KVisitors
Follow