LTAT is vague on approvals and timing. Regulatory approvals should be a formality as LTAT is the Armed Forces pension fund. At the last close, the gross spread was 10.7%.
Boomeranged on Fri, 10 Nov 2023 15:07
On 10 November, LTAT entered into an unconditional share sale agreement with BHB to acquire its 33% BPlant stake at RM1.55 per share. This will trigger an unconditional mandatory take-over offer for BPlant at RM1.55 per share. LTAT has applied for an extension to despatch the offer document from the requisite 21 days.
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