Lourdenadin to Privatize MBF Holdings After Mopping Up Warrants!

Written by Editor

 

The warrant of MBF Holdings Berhad surged more than 120% in the week ended 25 January 2013 as major shareholder Tan Sri Datuk Dr Ninian Mogan Lourdenadin, through Nadin Holdings Sdn. Bhd., mopped up MBFHLDG-WA from the market.  According to stock exchange filing on 29 January, Lourdenadin disclosed that Nadin Holdings Berhad had purchased 22.75 million warrants from the market the week before at average prices ranging between 23.6 sen and 37.2 sen.  MBFHLDG-WA ended trading on 30 January at 35 sen while the mother share closed at RM1.25. To read the rest of the article, you must Login