KUALA LUMPUR: Permodalan Nasional Bhd (PNB) raised its stake in S P Setia Bhd with the purchase of another 3.469 million shares and 1.206 million warrants in the open market last Friday, Oct 21.
Maybank Investment Bank said on Monday, Oct 24 that PNB ought the 3.469 million shares at an average price of RM3.82 sen. It bought the 1.206 million warrants at an average of 87.5 sen.
On Sept 28, PNB serve the notice of take-over offer on S P Setia to acquire the shares at RM3.90 each and 91 sen per warrant.(theedgemalaysia.com)
Showing posts with label PNB. Show all posts
Showing posts with label PNB. Show all posts
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KUALA LUMPUR: Permodalan Nasional Bhd continued to raise its stake in takeover target S P Setia Bhd, buying more than 20 million shares and nearly seven million warrants of the property developer on Tuesday, Oct 4.
A filing to Bursa on Wednesday showed PNB bought 20.298 million shares in the open market at an average price of RM3.8844 a share on Tuesday and 6.813 million warrants at an average price of 89.78 sen each.
On Monday, it acquired 20.77 million shares of which 10.95 million shares were from the open market at RM3.8928 a share. It also acquired 9.824 million shares in an off-market deal at RM3.89 each. PNB also acquired 10.37 million warrants in the open market at 90 sen each.
Under its proposed takeover of S P Setia, it had offered RM3.90 per S P Setia share and 91 sen per warrant.(theedgemalaysia.com)
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