Whitmore keeps buying MKH, MKHOP shares below offer prices
Whitmore Holdings Sdn Bhd, a wholly owned subsidiary of Batu Kawan Bhd, continued buying shares in MKH Bhd and MKH Oil Palm (East Kalimantan) Bhd at prices below its mandatory takeover offers. Over two trading days it acquired 1.58 million MKH shares and 689,400 MKHOP shares. MKHOP's independent adviser rejected the 66.26-sen offer, while MKH's adviser told shareholders to accept the RM2 offer.