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Undeterred, UMW extends MBM Resources offer for another six months

KUALA LUMPUR (April 27): UMW Holdings Bhd has extended the validity of its takeover offer for control over MBM Resources Bhd (MBMR) for another six months, ahead of a crucial shareholders’ vote to decide on the offer on Monday.

In a filing with Bursa Malaysia today, UMW said its offer to buy a 50.07% stake MBMR is now valid until Oct 31. This is the second extension after UMW previously extended the validity from March 28 to April 30.

The latest extension is “to enable parties to deliberate on the offers”, UMW said.

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