Astro Holdings Sdn Bhd (AHSB) will now exercise its right to compulsorily acquire all remaining shares in Astro All Asia Networks PLC after successfully crossing the 90% acceptance threshold last Thursday. The company intends to complete the process within two months via its advisor CIMB Investment Bank Bhd. AHSB does not intend to maintain the listing status of Astro. AHSB’s offer for the remaining Astro shares will remain open till end of trading day Jun 3 unless extended further by the acquirer after which the offer will become unconditional. (Malaysian Reserve)
Technical Picks From CIMB Top Picks For 2nd Half Of 2017
-
Gamuda (GAM) The LT wedge pattern for Gamuda (GAM) is still intact and the
price movements in the 1H2017 were in line with what we expected. After
breaking...
11 hours ago