KUALA LUMPUR (June 3): Tycoon Tan Sri Syed Mokhtar Albukhary is looking to take MMC Corp Bhd private via a selective capital reduction (SCR) for RM2 per share. In a bourse filing, Syed Mokhtar’s vehicle Seaport Terminal (Johore) Sdn Bhd (STJSB), which owns 51.76% or 1.58 billion shares in MMC, announced that it would be conducting the exercise for the 1.47 billion shares or 48.24% stake it does not own in the company.
Syed Mokhtar to take MMC private via SCR for RM2.94 billion, confirms The Edge’s report
2021-06-03T10:32:28-04:00June 3rd, 2021|
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