Metro Kajang Holding
What we found
Batu Kawan Bhd's wholly owned subsidiary Whitmore Holdings Sdn Bhd agreed to acquire a combined 47.7% stake in MKH Bhd for RM549.8 million at RM2.00 per share, a 20.48% premium to MKH's last traded price of RM1.66, triggering a mandatory takeover offer for the remaining MKH shares.
The evidence
3 claims across 1 areaCorporate continuity
PositiveBatu Kawan's unit completed its acquisition of MKH and increased its direct shareholding in the property developer to 50.9% from 32.8%, gaining control of the company.
2 more findings
MKH Berhad was originally incorporated as Srijang Bena Sdn Bhd, and was rebranded as Metro Kajang Holdings Berhad in 1995 in conjunction with its listing on the Main Market of Bursa Securities Malaysia, before being renamed MKH Berhad in 2011.
MKH Berhad, formerly known as Metro Kajang Holdings Berhad, is a property developer listed on the Main Market of Bursa Malaysia.
