Failed privatisation leaves Tan family holding 84% of LTKM


LTKM managing director Datuk Tan Kok

The results are in, and it looks like chicken egg producer LTKM Bhd has failed in its bid to get privatised by buying out minority shareholders at RM1.35 a share.

As of the end of the closing date on Wednesday, the total acceptances for the conditional offer was only 88.43%, which is 1.57% shy of the 90% acceptance level required for the deal to go through.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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LTKM Bhd , poultry

   

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