Syed Mokhtar offers to take MMC Corp private


KUALA LUMPUR: Tan Sri Syed Mokhtar Albukhary has made an offer to take MMC Corp Bhd private via a selective capital reduction and repayment exercise.

Under the proposed deal, minority shareholders in MMC Corp will receive RM2 per share.

Shares in MMC Corp were last traded at RM1.30 today before the trading was halted in the afternoon session to make way for the announcement.

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