Silk Holdings Bhd has signed a heads of agreement to dispose of its entire equity interest in highway toll concessionaire Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (SILK) to WZ Satu Bhd for RM368mil.
In a filing with Bursa Malaysia, the company said the disposal consideration would be settled by RM239.25mil in cash and RM128.75mil via 125 million new 50-sen shares in WZ Satu at an issue price of RM1.03 each.
The issue price of RM1.03 per WZ Satu share represents a discount of 4.63% over the volume weighted average market price up to May 31 of RM1.08.
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In a filing with Bursa Malaysia, the company said the disposal consideration would be settled by RM239.25mil in cash and RM128.75mil via 125 million new 50-sen shares in WZ Satu at an issue price of RM1.03 each.
The issue price of RM1.03 per WZ Satu share represents a discount of 4.63% over the volume weighted average market price up to May 31 of RM1.08.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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