Multi-Purpose Holdings Bhd MD Datuk Lau Kim Khoon Surin Upatkoon
PETALING JAYA: Tan Sri Surin Upatkoon’s (pic) investment vehicle Pinjaya Sdn Bhd’s plan to privatise its 31.14%-owned MWE Holdings Bhd has lapsed, annulling the earlier RM391.4mil offer by Pinjaya to take the company private.
The non-interested directors of MWE had on Wednesday requested for a further one month to deliberate on the takeover offer from Surin, also an MWE board member, via his investment vehicle Pinjaya, but the request was declined by Pinjaya yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
