Friday, 21 October 2011

PNB buys more than 3m S P Setia shares

KUALA LUMPUR: Permodalan Nasional Bhd, which made a takeover offer for S P Setia Bhd, accumulated more shares of the property developer from the open market on Thursday, Oct 20.

A filing with Bursa Malaysia on Friday showed it bought 3.179 million shares for an average price of RM3.83. It also purchased 982,600 warrants at an average of 87.5 sen.

On Sept 28, PNB serve the notice of take-over offer on S P Setia to acquire the shares at RM3.90 each and 91 sen per warrant.
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