RL&P News 30 July 2021

Advised Batu Kawan Berhad (“BKB”) on its acquisition of 56.32% equity interest in CCM for RM293 million from Permodalan Nasional Berhad and Amanahraya Trustees Berhad as trustee for Amanah Saham Malaysia, Amanah Saham Bumiputera and Amanah Saham Bumiputera 3-Didik unit trust funds, and on the subsequent mandatory take-over offer for the remaining shares in CCM not already owned by BKB together with the compulsory acquisition of the minority shares in CCM for a total cash consideration of RM209 million.

Advising BKB were Partners Moy Pui Yee and Yeo Tze Lin.

 

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