Shares of Malaysian wire and cable manufacturer Leader Universal Holdings Bhd rose as much as 4.7 per cent in early trading today after the company’s board of directors accepted a takeover offer from HNG Capital Sdn Bhd.
HNG Capital, a vehicle of Leader Universal’s major shareholder Hng Bok San, has offered RM1.10 per share to buy up all outstanding shares in the company for a total consideration of RM480.1 million.
Leader Universal shares were up 2.6 per cent to 98 sen apiece as at 9.54 am compared to the broader market’s fall of 0.66 per cent. - Reuters
HNG Capital, a vehicle of Leader Universal’s major shareholder Hng Bok San, has offered RM1.10 per share to buy up all outstanding shares in the company for a total consideration of RM480.1 million.
Leader Universal shares were up 2.6 per cent to 98 sen apiece as at 9.54 am compared to the broader market’s fall of 0.66 per cent. - Reuters
