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Article: Atlan proposes to acquire, delist Naluri
- Article from:
- New Straits Times
- Article date:
- November 29, 2006
- Author:
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Roziana Hamsawi
New Straits Times
11-29-2006
Atlan proposes to acquire, delist Naluri
Byline: Roziana Hamsawi
Edition: Main/Lifestyle
Section: Business Times
Type: Company
ATLAN Holdings Bhd has proposed to acquire Naluri Holdings Bhd, of which it owns a 38 per cent stake, for RM435 million or 75 sen per share.
Upon completion of the acquisition, which is expected in June or July next year, Naluri will be delisted from Bursa Malaysia, said Atlan managing director Datuk Ong Kim Hoay.
"We expect a smooth acquisition and are applying for a waiver from making the mandatory general offer (MGO) for the shares in DFZ Capital Bhd," he told reporters in Kuala Lumpur yesterday.
Naluri owns a 64.5 per ...