MMC emerges as NCB's substantial shareholder post deal
- 7 years ago
Shipping company, MISC had announced that it had entered into a sales and purchase agreement with MMC ventures and MMC Corp for the disposal of its 15.7 per cent stake in NCB Holdings for RM222 million cash. The deal amounts to RM3 per share, which is at 14.1 per cent premium to NCB's last closing price or 1 times price to book value based on the latest book value per share of RM3 per share.