M&A Frenzy
from Today's BizTalk Hosted by Morning Run
Over the last 2 months, StarBiz reported that more than 10 listed companies have become the target of takeover attempts, mostly by the company’s existing major owners. The Morning Run crew gives you their take on today's business headlines: 0:30 - Hovid Berhad's controlling shareholder, David Ho, announced a voluntary takeover over of 38 sen per share and 20 sen per warrant to buy all the shares not owned by them in the pharmaceutical company. 06:06 - Property can be a predictable and lucrative secondary business to support earnings. One such company is Scientex Berhad, a plastics manufacturer that has been excelling with its Arizona based stretch film business and its Malaysian-based property development business.
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