KUALA LUMPUR: PADIBERAS NASIONAL BHD [] (Bernas) is now a subsidiary of TRADEWINDS (M) BHD [] after the latter’s shareholding in the company rose to 50.18%.
Tradewinds had acquired a 31.5% stake in Bernas from Hong Kong-based Wang Tak Co for RM308.4 million, after which it made an offer of RM2.08 for each share it did not own in Bernas.
In a filing to Bursa Malaysia yesterday, Maybank Investment Bank Bhd (Maybank IB) said on behalf of Tradewinds that as at the close of the offer on Dec 9, Tradewinds had received acceptances to 18.81% of the issued and paid-up capital of Bernas, of which 18.66% were valid acceptances.
Together with the 31.5% or 148.28 million shares, Tradewinds now has 236.04 million shares in Bernas, while parties acting in concert with it hold 30.79% or 144.83 million shares.
Maybank IB said a further 0.15% or 736,800 shares in respect of the acceptances of the offer are still pending verification.
“In view of the above, Tradewinds now holds 50.18% of the voting shares in Bernas as a result of the valid acceptances under the offer and Bernas is now a subsidiary of Tradewinds,” it said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
