MMC Corp/PLUS: Sources say MMC Corp Bhd is likely to emerge the third bidder. MMC is still in the running to acquire PLUS. Even before the RM26bil Jelas Ulung Sdn Bhd bid came in, MMC had proposed the idea to the Government.
Maybank/OSK: On whether Maybank was still keen to acquire OSK Holdings Bhd as speculated earlier, Maybank had scanned the market for potential acquisitions, and eventually found that Kim Eng was the best option to spur Maybank’s regional expansion.
Key West: Key West Global Telecommunications Bhd has seen the emergence of a new substantial shareholder in Goh Mei Yuin, who acquired 12.32 million shares, or a 9.13% stake in the company.
KPS/Puncak Niaga/KHSB/JAKS: Puncak Niaga management will review the offer documents from the Selangor State Government over the latter's new offer to the four beleaguered water concessionaires in Selangor for RM9 billion.
IJM Land/MRCB: IJM Land does not rule out the possibility of working with MRCB JV capacity rather than one that involves the merging of the two companies. Also IJM Land does not rule out any future M&A possibilities.
Meanwhile located directly behind the mature Kota Kemuning township, the Canal City will turn IJM Land into one of the leading township developers in the Klang Valley . The company is now sorting out some land and project planning matters with the Selangor Government.
Hap Seng: The company recently raised its shareholding by acquiring the company’s shares on the open market. The move triggered speculation about a privatization exercise by the Lau family, which took its flagship company Lei Shing Hong Ltd private in 2008. And in July 2009, the family privatized MMOSAICS.
Its MD Datuk Lee said that Privatization is the prerogative of the shareholders. If the shareholders do not see value in a listed entity, at the end of the day, why keep it listed if it is undervalued all the time. Nonetheless, given the rally in Hap Seng’s share price recently, its privatization would certainly cost a bundle if it were done now (Jan 2011).
Hap Seng: The company recently raised its shareholding by acquiring the company’s shares on the open market. The move triggered speculation about a privatization exercise by the Lau family, which took its flagship company Lei Shing Hong Ltd private in 2008. And in July 2009, the family privatized MMOSAICS.
Its MD Datuk Lee said that Privatization is the prerogative of the shareholders. If the shareholders do not see value in a listed entity, at the end of the day, why keep it listed if it is undervalued all the time. Nonetheless, given the rally in Hap Seng’s share price recently, its privatization would certainly cost a bundle if it were done now (Jan 2011).
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