MKH
How their buildings read
1 poor, 2 fair
Outcomes still vary building by building. Check the building, not the brochure.
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
Corporate continuity
PositiveBatu Kawan Bhd, through its wholly owned subsidiary Whitmore Holdings Sdn Bhd, agreed to buy a combined 47.7% stake in MKH Bhd for RM549.8mil. The deal triggered a mandatory takeover offer that could take the group private, which means a change of controlling shareholder for the entity that signs buyers' S&Ps.
2 more findings
Batu 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.
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.
Their buildings
InspirasiMont Kiara · 2021Parking is available not only on the floors above ground but also extensively on the ground floor itself.5.9 out of 10Poor
Pelangi DamansaraBandar Utama · 2003A tenant renting for close to four years describes it as a no-nonsense project with simple designs, decent sized apartments and average maintenance costs.6.5 out of 10Fair
SavilleBangsar South6.4 out of 10Fair