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Article: Softbank acquires 10pc stake in Dijaya Enterprise
- Article from:
- New Straits Times
- Article date:
- April 22, 2000
- Author:
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Cheah Chor Sooi
New Straits Times
04-22-2000
Softbank acquires 10pc stake in Dijaya Enterprise
Byline: Cheah Chor Sooi
Edition: Main/Lifestyle; 2*
Section: Business
DIJAYA Enterprise Bhd announced that Softbank Investment (International) Holdings Ltd of Japan has acquired a 10 per cent stake in the company for RM103.8 million.
The stake represents 7.52 million shares or RM13.80 per share.
In a statement to the Kuala Lumpur Stock Exchange, Dijaya Enterprise said it was informed by its major shareholder Tan Sri Vincent Tan Chee Yioun that he had entered into a memorandum of understanding with Softbank for the latter to co-invest in Dijaya Enterprise.
It said the proposed participation of ...