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Tony Tiah launches takeover offer for TA Enterprise shares at 65.5 sen each

According to the takeover offer notice, attached to TAE’s filing with Bursa Malaysia yesterday, their collective shareholdings are based on the indicative enlarged issued share capital of TAE at 2.49 billion units. Based on TAE’s existing number of issued shares at 1.71 billion units, the 65.5 sen a share offer values it at about RM1.12 billion.

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