LTAT Sets Firm Deadline of January 5 for BPlant Privatisation
LTAT Sets Firm Deadline of January 5 for BPlant Privatisation
The offer follows an unsuccessful RM1.15 billion takeover attempt by Kuala Lumpur Kepong Bhd in October 2023, and an independent adviser had previously characterised LTAT's offer as "not fair but reasonable."Lembaga Tabung Angkatan Tentera (LTAT) has announced that the deadline for its privatisation bid, set at RM1.55 per share for Boustead Plantations Bhd (BPlant), will not be extended beyond January 5, 2024.
Lembaga Tabung Angkatan Tentera（LTAT）宣布，其私有化竞标的最后期限定为Boustead Plantations Bhd（bPlant）每股1.55令吉，不会延长到2024年1月5日之后。
With LTAT having acquired more than 90% of BPlant's shares, it informs that Bursa Securities will halt trading within five days of the specified closing date, posing potential challenges for holders of unlisted shares.
由于LTAT已收购了bPlant90％以上的股份，它告知Bursa Securities将在指定截止日期后的五天内停止交易，这给非上市股票的持有人构成了潜在的挑战。
As of January 3, LTAT possesses a 92.2% stake, equivalent to 2.07 billion shares, as reported in BPlant's bourse filing today.
根据bPlant今天的证券交易所文件显示，截至1月3日，LTAT持有92.2％的股份，相当于20.7亿股股票。
The offer follows an unsuccessful RM1.15 billion takeover attempt by Kuala Lumpur Kepong Bhd in October 2023, and an independent adviser had previously characterised LTAT's offer as "not fair but reasonable."
该要约是在2023年10月吉隆坡甲洞有限公司尝试收购11.5亿令吉失败之后提出的，一位独立顾问此前曾将LTAT的提议描述为 “不公平但合理”。
BPlant's share price has remained stable at RM1.55 today, leading to an estimated valuation of RM3.47 billion for the company.
bPlant的股价今天一直稳定在1.55令吉，估计该公司的估值为34.7亿令吉。
