KUALA LUMPUR, Jan 5 — MMC Corp Bhd will delist NCB Holding Bhd from Bursa Malaysia following the acquisition by its unit, MMC Port Holdings Sdn Bhd (MMC Port), of 435.33 million shares, or 92.58 per cent of the total issued and paid-up capital.
In a filing to Bursa Malaysia today, MMC Port’s adviser, RHB Investment Bank Bhd, said the NCB shares will be suspended with effect from 9am on Thursday, January 28, 2016.
Earlier, MMC Port had extended an unconditional takeover offer, through RHB Investment, to acquire all the remaining ordinary shares in NCB for RM4.40 per share in cash, from December 16, 2015, to January 6, 2016.
MMC Corp, via MMC Port, had owned about 30.13 per cent in NCB and recently acquired another 53.42 per cent from Permodalan Nasional Bhd and AmanahRaya Trustees Bhd (as trustee for Amanah Saham Bumiputera, Amanah Saham Wawasan 2020 and Amanah Saham Didik).
MMC Corp is now the largest shareholder in NCB with an equity interest of about 83.55 per cent. NCB wholly owns Northport (M) Bhd. — Bernama
