KUALA LUMPUR (Feb 29): Shares of TSM GLOBAL BHD [] advanced in early trade on Wednesday after the company received a takeover offer at RM1.25 a share.
At 10.02am, it was up eight sen to RM1.20 with 60,100 shares done.
The FBM KLCI rose 6.7 points to 1,563.43. Turnover was 406.92 million shares done valued at RM268.53 million. There were 269 gainers, 171 losers and 252 stocks unchanged.
TSM announced on Tuesday that several parties owning 28.07% of its shares, had offered to acquire all the business, including assets and liabilities, for RM159.24 million or RM1.25 per share
It had received the offer letter from West River Capital Sdn Bhd – a special purpose vehicle in which TSM directors Datuk Lim Kheng Yew and Lim Tze Thean own 60:40 of West River.
At 10.02am, it was up eight sen to RM1.20 with 60,100 shares done.
The FBM KLCI rose 6.7 points to 1,563.43. Turnover was 406.92 million shares done valued at RM268.53 million. There were 269 gainers, 171 losers and 252 stocks unchanged.
TSM announced on Tuesday that several parties owning 28.07% of its shares, had offered to acquire all the business, including assets and liabilities, for RM159.24 million or RM1.25 per share
It had received the offer letter from West River Capital Sdn Bhd – a special purpose vehicle in which TSM directors Datuk Lim Kheng Yew and Lim Tze Thean own 60:40 of West River.
