EVENING 5: Khazanah-led consortium lowers acceptance term for MAHB takeover
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for Malaysia Airports Holdings Bhd to lower the acceptance conditions to at least 85%.
2. Malaysia Airports Holdings Bhd said it is “almost there” for the resumption of its aerotrain services at the Kuala Lumpur International Airport, following a near two-year suspension.
3. 7-Eleven Malaysia Holdings Bhd in partnership with Japan-based Seven Bank Ltd said it is setting up 100 original cash recycling machines at its outlets across Malaysia.
4. Fajarbaru Builder Group Bhd has signed the master purchase and development agreement with Penang Development Corp for the first phase of the Penang Medi-City project.
5. A vehicle linked to Scanwolf Corp Bhd MD Eddy Seah Ley Hong has triggered a mandatory takeover offer to acquire all the remaining shares it does not own at 54 sen per share.