Low-profile tycoon Tan Sri Syed Mokhtar Albukhary, who controls MMC Corp Bhd, is injecting Senai Airport Terminal Services Sdn Bhd (SATS) into the group in a RM1.95bil deal.
Under the exercise announced yesterday, MMC would finance the acquisition with the issuance of 696.43 million new shares at RM2.80 each. This would transfer ownership of SATS, which is reportedly privately held by Syed Mokhtar, to MMC.
Under the exercise announced yesterday, MMC would finance the acquisition with the issuance of 696.43 million new shares at RM2.80 each. This would transfer ownership of SATS, which is reportedly privately held by Syed Mokhtar, to MMC.
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