Government in RM4 bil takeover bid for UEM


11:59am, Mon:
(AFP) updated version The government today announced a takeover bid worth about RM4 billion for a unit of Malaysia's most indebted conglomerate Renong Bhd - the first step in taking control of the entire group. 

 

Khazanah Nasional Bhd, the government investment arm, announced an offer for all shares in United Engineers Malaysia Bhd (UEM) at RM4.50 ringgit a share.<more?>
 

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