Business, markets and economy news from Malaysia.
Japan's Ajinomoto Co Inc has tabled a privatisation offer of RM20 per share for Ajinomoto Malaysia Berhad, seeking to acquire the 49.62% stake held by minority shareholders and delist the company from Bursa Malaysia.
Ajinomoto Co Inc, which owns 50.38% of Ajinomoto (Malaysia) Bhd, is pursuing delisting through a RM603.4mil selective capital reduction at RM20 per share, significantly above recent trading levels.
Ajinomoto Co, which owns 50.38% of Ajinomoto Malaysia, is moving to privatise the monosodium glutamate producer at RM603.4mil, offering minority shareholders an exit at a 31.58% premium to recent trading prices.