United Malacca receives RM 6.10-a-share takeover offer from Prosper Trading

Bitget2026/10/12 04:48

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Prosper Trading bought 28,185,701 United Malacca shares from Great Eastern for RM 171.93 million, or RM 6.10 each.
The purchase lifted Prosper Trading’s direct stake to 40,392,879 shares, equal to 19.26% of outstanding stock.
Combined holdings of Prosper Trading, its ultimate owners, and concert parties rose to 99,967,379 shares, or 47.66%.
A cash offer targets the remaining 109,801,822 shares not already held by that group, priced at RM 6.10 each.
The offer needs acceptances for 4,917,222 shares to take the group above 50% ownership, based on current holdings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Malacca Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3713859) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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United Malacca receives RM 6.10-a-share takeover offer from Prosper Trading

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