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FGV share price shoots up after privatisation exercise fell through
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MSM share price surge and FGV privatisation intrigues
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Supermax, Wegmans, Straits Inter Logistics, Supercomnet, FGV, Cheetah, XOX, Lambo, Seacera, Vsolar
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In corporate takeovers, the offerors will be left in a bind if they end up with more than 75% but less than 90% of the shares in the target companies. This would leave the offeror with the task of either placing out some shares to meet Bursa Malaysia’s free float requirement or increasing the offer price in the hope of reaching a higher acceptance level of 90% or more. Either way, it can be an arduous exercise. Raising the offer price can be painful on the pockets of the offeror while placing out shares in a highly illiquid company is not easy.
Felda Smart Classrooms expected to be ready in April 20 Feb 2021 / 21:45 H. Federal Land Development Authority (FELDA) Chairman Datuk Seri Idris Jusoh (left) handing over tablets to students in Besut on Feb 20- Bernama
BESUT, Feb 20: The Smart Classroom system, which is currently being set up at 101 national secondary schools (SMK) throughout the Federal Land Development Authority (FELDA) settlements, is expected to be completed this April.
Its chairman Datuk Seri Idris Jusoh said that the work of installing smart learning and teaching equipment in all the schools involved was running smoothly, although it had previously been delayed due to the implementation of the Movement Control Order.