NST Online Business Times : latest
NST Online Business Times : latest |
| MBf CEO initiates takeover bid Posted: 06 Feb 2013 07:16 PM PST KUALA LUMPUR: MBf Holdings Bhd chief executive officer Tan Sri Mogan Lourdenadin is privatising the company by offering RM1.50 a share. Lourdenadin, who owns 87 per cent of the company, also offered 50 sen per offer warrant and RM4.64 per Class A United States dollar denominated redeemable convertible secured loan stock RCSLS. MBf's last traded price was RM1.48. "The board does not intend to seek an alternative person to make a take-over offer for the offer shares," MBf said in a filing to Bursa Malaysia late on Wednesday. The joint offerors were Tor Private Ltd, Nadin Holdings Sdn Bhd, Impact Action Sdn Bhd and Market Share Investments Ltd.
MBf is in the process of selling its credit and charge card operations under MBF Cards (M) Sdn Bhd for RM623.4 million to AMMB Holdings Bhd.
|
| Affin raises Public Bank target price Posted: 06 Feb 2013 06:30 PM PST Affin Research raised its target price on Public Bank Bhd to RM16.20 from RM15.70 after the company's earnings for the year ended Dec. 31 came within expectations. The company reported a "moderate" 5 per cent jump in its net profit at RM3.9 billion, driven by Islamic Banking and non-interest income. "Being a predominantly domestic, retail-based lender with top market positions in household and small-to-medium enterprise financing, we continue to forecast a healthy net earnings growth of 11.8 per cent for this year," Affin said in a report on Thursday. The brokerage maintained its 'add' rating on Public Bank. Shares of Public Bank were down 0.76 per cent at RM15.60 as of 0903am (0103GMT) while the benchmark index was down 0.63 per cent. -- Reuters
|
| You are subscribed to email updates from Business Times : latest To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 ulasan:
Catat Ulasan