31 Jan '12, 2am

Tebrau Teguh gone stealth: Yesterday, KPRJ controlled Plc Tebrau Teguh Bhd asked Bursa Malaysia to suspend the t...

Tebrau Teguh gone stealth: Yesterday, KPRJ controlled Plc Tebrau Teguh Bhd asked Bursa Malaysia to suspend the t...

PETALING JAYA: Tebrau Teguh Bhd , which has suspended its shares from trading, may be the next company to undergo privatisation by its major shareholder. Sources said its major shareholder Kumpulan Prasarana Rakyat Johor (KPRJ) would be carrying out a mandatory general offer for the company. KPRJ owns 41.15% of Tebrau Teguh. Tebrau Teguh is a diversified property developer and construction group linked with KPRJ. KPRJ itself is the Johor state’s investment arm. Tebrau Teguh’s shares closed last Friday at 75 sen. The volume traded last Friday was 12.8 million shares compared with 1.8 million shares the previous Friday. The 596.39% increase in volume of shares traded could have been due to sentiments on the material announcement. A business weekly had reported over the weekend that Danga Bay Sdn Bhd (DBSB) might be acquired by Tebrau Teguh. DBSB was the custodian of a privat...

Full article: http://bigdogdotcom.wordpress.com/2012/01/31/tebrau-teguh...

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