Keynote Capital Sdn Bhd, the controlling shareholder of Apollo Food Holdings Bhd, is confirmed to be exiting the group as Scoop Capital Sdn Bhd proposes to acquire Keynote's stake in the confectionery maker for RM238.
08 million in cash. Scoop Capital will purchase 41.05 million Apollo shares from Keynote at RM5.80 per share, a 7.4% premium to the last closing price. Scoop Capital is also obliged to extend a mandatory takeover offer for the remaining stake in the group.
Source: News Formal (newsformal.com)
Keynote Capital Apollo Food Holdings Scoop Capital Acquisition Confectionery Maker
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bukan mudah ubah minda usahawan wanitaKetua Pegawai Eksekutif Usanita Sdn. Bhd., Datin Seri Adzliana Hasan berjaya melahirkan 3,000 usahawan wanita sejak Covid-19
Source: UMonline - 🏆 27. / 51 Read more »
Alliance Islamic Bank introduces productive distribution of zakat fundsAlliance Islamic Bank (AIS) becomes the first banking institution in the country to introduce productive distribution of zakat funds in the form of microfinancing to help eligible asnaf entrepreneurs obtain working capital.
Source: UMonline - 🏆 27. / 51 Read more »
Can incoming Sultan, Tengku Ismail, inject urgency and drive state govt needsHaving run the Malaysian operations of European integrated device manufacturer, STMicroelectronics in Johor for the last 10 years, Tan Chun Shang, group vice president and general manager of STMicroelectronics Sdn Bhd located in Muar, has a good feel for the economic pulse of Johor.
Source: DNewsAsia - 🏆 23. / 51 Read more »
KPJ Healthcare to Sell Aged Care Business in AustraliaKPJ Healthcare Bhd's proposed disposal of its aged care business in Australia aims to reduce operating costs and redirect resources to more profitable segments. The agreement involves a net cash payment of A$700,000.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
Goodnite Launches Campaign to Promote Better SleepGoodnite International Sdn Bhd, the biggest mattress manufacturer in Malaysia, has launched its latest campaign, “Sleep Well, Live Well”, to promote the importance of getting adequate sleep for overall health and well-being.
Source: theSundaily - 🏆 25. / 51 Read more »
Charlie Munger, Warren Buffett's Trusted Confidant, Dies at 99Charlie Munger, who served as Warren Buffett's second-in-command at Berkshire Hathaway, passed away at the age of 99. Munger had been a key figure in the company's capital allocation decisions.
Source: malaymail - 🏆 1. / 86 Read more »