Chen will be starring in 'The Ballad Of A Small Player' with Irish actor Colin Farrell and British actress Tilda Swinton.
The offer represents a 5.77% premium to Wednesday's closing price of RM10.40, which was just four sen off MAHB 's historical closing high of RM10.44 set earlier this week.
Under the terms of the proposal, the consortium will purchase all remaining 1.12 billion MAHB shares it does not currently own, representing 58.77% stake, for RM11 per share. However, it noted a potentially long gestation period before shareholders can realise and extract value. It said it expects Malaysia's operations to continue enjoying strong air travel demand growth post-pandemic while the recent extension of visa-free travel to China will ensure continued recovery in China traffic demand.
Meanwhile, MIDF Research said it expects MAHB to incur substantial capital expenditure in the coming years for airport expansion and development. Kenanga Research advised investors to"accept offer" and rationalised its target price of RM9 to the offer price of RM11.
MAHB Privatisation Takeover Offer Gateway Development Alliance Khazanah EPF Airport KLIA HLIB MIDF Kenanga
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.
Consortium led by Khazanah and EPF announces conditional takeover offer for MAHBKUALA LUMPUR, May 15 — Gateway Development Alliance (GDA) and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia...
Read more »
Consortium led by Khazanah, EPF announces conditional takeover offer for MAHBKUALA LUMPUR: Gateway Development Alliance (GDA) and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares...
Read more »
Trading in MAHB shares to resume tomorrow after Khazanah, EPF announces conditional takeover bidKUALA LUMPUR, May 15 — Trading in the securities of Malaysia Airports Holdings Bhd (MAHB), which was suspended today, will resume at 9.00am tomorrow (May 16). In a filing with...
Read more »
Tawaran tidak libatkan pemberhentian kakitangan MAHBPETALING JAYA: Tiada sebarang rancangan untuk memberhentikan pekerja berikutan daripada tawaran pengambilalihan Malasia Airlines Holdings Bhd. (MAHB) dan hak sedia ada kakitangan akan terus dilindungi, tegas Konsortium.
Read more »
Trading in MAHB shares halted pending material announcementKUALA LUMPUR, May 15 — Bursa Malaysia Bhd has approved Malaysia Airports Holdings Bhd’s request for a trading suspension pending a material announcement. In a filing to Bursa...
Read more »
Konsortium Khazanah, KWSP ambil alih MAHBPETALING JAYA: Gateway Development Alliance dan para pemegang sahamnya mengumumkan tawaran sukarela prasyarat bagi mengambil alih semua saham dalam Malaysia Airports Holdings Berhad (MAHB) yang belum dimiliki pada harga tawaran sebanyak RM11 sesaham.
Read more »