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Stockwatch- CIMA (Malaysia) Vicat offer for CIMA stake valid until Dec 5

Vicat offer for CIMA stake valid until Dec 15

French cement manufacturer VICAT's offer for to acquire controlling interests in Cement Industries of Malaysia Bhd (CIMA) subsidiaries, remains valid until Dec 15, 2006.
CIMA said on Oct 6 that both parties were still in discussion and had not concluded any agreement in respect of VICAT's offer to acquire equity interest in the subsidiaries.
"However, both parties have now agreed that VICAT's offer shall remain valid until Dec 15, 2006," it said.

VICAT intends to acquire controlling interests in Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd.

posted by gsg @ 10:25 PM