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MTD CAPITAL Bhd yesterday upped its bid for shares of Metacorp Bhd from RM2.50 to RM3 each following an acquisition at that price by a friendly party.
Arab-Malaysian Merchant Bank Bhd (AMMB), advisor to MTD, issued a statement to the Kuala Lumpur Stock Exchange (KLSE) saying that Lambang Simfoni Sdn Bhd, a party acting in concert with MTD, until yesterday had acquired blocks of Metacorp shares off-market for RM3 a piece.
Lambang Simfoni purchased 20.67 million Metacorp shares from tycoon Tan Sri Halim Saad and Meor Othman Meor Lope for slightly over RM62 million.
Halim, more known for his position in industrial …