KUALA LUMPUR (June 6): KUB Malaysia Bhd fell 6.14% this morning after it had received a mandatory take-over offer from Temasek Padu Sdn Bhd at 35 sen a share, after the latter emerged as a 52.17% shareholder in KUB today.
At 9.40am, KUB Malaysia lost 3.5 sen to 53.5 sen with 4.35 million shares traded.
The offer is at a 38.6% discount to KUB Malaysia’s closing price of 57 sen today. It is also at a discount of between 28.6% and 40.7% to the counter’s 5-day, 1-month, 3-month, 6-month and 12-month volume weighted average market price (VWAP).