MRCB gets nod for takeover offer waiver
16 Mar 2015 / 05:36 H.
PETALING JAYA: Malaysian Resources Corporation Bhd (MRCB) has obtained the Securities Commission's (SC) approval for exemption from making a mandatory takeover offer for the rest of Quill Capita Trust (QCT).
In a filing with Bursa Malaysia last Friday, MRCB said it was granted a waiver by the SC via a letter dated March 13, 2015.
MRCB is disposing of its Platinum Sentral to QCT Capital for RM740 million under a cash and share deal.
The corporate exercise would result in MRCB holding 41% of QCT, which would trigger an mandatory general offer.