SUpalai to make voluntary tender offer for MK Real Estate Development
Supalai Plc's board of directors on Tuesday gave the green light for its subsidiary, Supalai Property Management Co Ltd (SPM), to make a voluntary tender offer for MK Real Estate Development Plc (MK) at the price of Bt4.10 per share.
The approval was given on condition that SPM shall cancel the tender offer if, on expiry of the voluntary tender period, the offerees have tendered less than 25 per cent of the total issued and paid-up shares of MK. The tender offer is not for delisting purpose, according to the company report to the Stock Exchange of Thailand on Wednesday.
