LTAT Sets Firm Deadline of January 5 for BPlant Privatisation
LTAT Sets Firm Deadline of January 5 for BPlant Privatisation
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）宣佈，其私有化競標的最後期限定爲Boustead Plantations Bhd（bPlant）每股1.55令吉，不會延長到2024年1月5日之後。
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.
由於LTAT已收購了bPlant90％以上的股份，它告知Bursa Securities將在指定截止日期後的五天內停止交易，這給非上市股票的持有人構成了潛在的挑戰。
As of January 3, LTAT possesses a 92.2% stake, equivalent to 2.07 billion shares, as reported in BPlant's bourse filing today.
根據bPlant今天的證券交易所文件顯示，截至1月3日，LTAT持有92.2％的股份，相當於20.7億股股票。
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."
該要約是在2023年10月吉隆坡甲洞有限公司嘗試收購11.5億令吉失敗之後提出的，一位獨立顧問此前曾將LTAT的提議描述爲 “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的股價今天一直穩定在1.55令吉，估計該公司的估值爲34.7億令吉。