MIE owns 72.7% in Seremban Engineering at close of MGO

MIE owns 72.7% in Seremban Engineering at close of MGO

The Edge Markets - Malaysia·2019-10-15 20:34

KUALA LUMPUR (Oct 15): Seremban Engineering Bhd’s (SEB) new controlling shareholder MIE Industrial Sdn Bhd has raised its stake in the company to 72.67% or 57.9 million shares, from 69.72%, after the close of a mandatory general offer (MGO).

According to a filing with Bursa Malaysia today, UOB Kay Hian Securities (M) Sdn Bhd, on behalf of MIE, said the company has acquired 2.35 million or 2.95% shares at 50 sen per share when the MGO, which commenced on Sept 24, closed at 5pm today.

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