Tong Herr shareholders push RM2.55 privatisation bid
Major shareholders controlling 74.5% of Tong Herr are proposing to privatise the fasteners and extrusions manufacturer at RM2.55 per share, a significant premium to recent trading prices.
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Air France-KLM and Lufthansa Enter Final Round for TAP Air Portugal Stake
Air France-KLM and Lufthansa have submitted binding bids to acquire a 44.9 per cent stake in TAP Air Portugal, moving the carrier's privatisation toward completion. A decision is anticipated within months.
Ajinomoto Malaysia to be Taken Private in RM603.4 Million Delisting Bid
Ajinomoto Co Inc, which holds 50.38% of Ajinomoto (Malaysia) Bhd, is moving to take the monosodium glutamate producer private through a RM603.4 million capital reduction scheme, offering minority shareholders RM20 per share.
Ajinomoto Co Inc to take Ajinomoto Malaysia private in RM603.4 million deal
Ajinomoto Co Inc will privatise its Malaysian monosodium glutamate producer subsidiary through a RM603.4 million capital repayment scheme, offering minority shareholders RM20 per share—a 31.58% premium to the last traded price.