<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 21, 2018 - February 27, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.31% at the close of the mandatory general offer (MGO) for shares in the Malaysian firm on Monday.</p></div>

<div class=newsTextDataWrapInner><p>In a stock exchange filing yesterday, MCT said Regent Wise Investment Ltd, a unit of Ayala Land, has acquired an additional 22.12% stake, representing 295.28 million shares between Jan 27 and Feb 19, adding to the 50.19% stake in MCT held by Regent Wise as at Jan 26.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MCT’s other substantial shareholder includes Lembaga Tabung Haji with a 10% stake.</p></div>

<div class=newsTextDataWrapInner><p>Ayala Land intends to keep the listing status of MCT. It was reported on Feb 7 that Ayala Land intends to explore options to increase MCT’s public shareholding spread to at least 25%, in accordance with Bursa Malaysia’s Main Market listing requirements, within three months from the closing date of the MGO.</p></div>


KUALA LUMPUR: Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.31% at the close of the mandatory general offer (MGO) for shares in the Malaysian firm on Monday.

In a stock exchange filing yesterday, MCT said Regent Wise Investm...

Ayala Land owns 72.3% of MCT as general offer closes

Brazilian markets bounced at the end of the week amid extraordinary central bank moves to curb a selloff in the currency that was spreading across the nation’s markets.
 
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<p>theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.</p>


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