In Brief - Asia
- From: Vol 9, Issue 8 (August 2008)
- Category: Brief
- Region: Asia
- Related Companies: Bio-Treat Technology, Cascal, China Water Company, ERI, Hyflux and Ranhill Utilities
* Ranhill Utilities Berhad (RUB) shares will be de-listed from the Malaysian Stock Exchange following the closing of the offer by Lambang Optima Sdn Bhd (LOSB) and 70% RUB shareholder Ranhill Berhad to purchase RUB’s remaining listed shares.
In June, LOSB offered MYR305,115,615 for 29.6% of RUB’s share capital, and by the time the offer closed on 8th August, 98.39% of the shares were in the hands of the offerors. LOSB and Ranhill Berhad will move to compulsorily acquire the remainder of the outstanding shares within two months.
* Hyflux released its Q2 results ...
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