The offer, equivalent to 2.56 ringgit per MBM share, will also be extended to the rest of MBM Resources' minority shareholders under Malaysian takeover laws, UMW Holdings said in an exchange filing.

KUALA LUMPUR (Nov 16) -- MIDF Amanah Investment Bank starts coverage of MBM Resources with Buy call and target price of MYR2.45. Expects "strong earnings recovery" of +39% on-year in FY18F, aided ...