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Saturday, September 15, 2012

Syed Mokhtar Firms Make RM347m. Offer for Tradewinds

29 Syawal 1433

KUALA LUMPUR: Hotel and property specialist Tradewinds Corp Bhd (TCB) has received a RM347 million takeover offer from its largest shareholder Perspective Lane (M) Sdn Bhd and two sister companies.

Perspective Lane, Kelana Ventures Sdn Bhd and Seaport Terminal (Johore) Sdn Bhd, all controlled by Tan Sri Syed Mokhtar AlBukhary, plan to privatise TCB via a selective capital reduction (SCR) and repayment exercise.

TCB yesterday said Perspective Lane will cancel one TCB share held by other shareholders not linked to it and the other two offerors.

They will pay RM1.10 for every cancelled share, TCB said in a statement to Bursa Malaysia yesterday.

The SCR of 347 million shares will reduce TCB's issued and paid-up capital from 1.11 billion shares to 759.03 million shares.

Read more: Syed Mokhtar firms make RM347m offer for Tradewinds

Legoland Malaysia, Local Attraction Of International Standard

29 Syawal 1433

JOHOR BAHARU, Sept 15, 2012 First in Asia, Legoland Malaysia got a hot reception from visitors on its opening day today with some 4,000 visitors registered up to 12 pm.

Visitors thronged the main entrance of the park as early as 9 am and about 10,000 patrons are expected to visit the theme park on the first day of its opening to the public.

While waiting for the main entrance to open, the visitors are feted with an amazing performance by the Legoland orchestra, Billund Marching Band, which was specially flown in from Denmark, as well as a dance show by the crew of Legoland Malaysia.

All the visitors are excited with the public opening of the Legoland theme park and some have already made plans to revisit it.

More information : BERNAMA