Symphony House, Ranhill Energy ink deal for reverse takeover


KUALA LUMPUR: Symphony House Bhd has signed an agreement for a reverse takeover of the company by Ranhill Energy And Resources Bhd enroute to listing, confirming a StarBiz report.

Both companies had on Wednesday signed a heads of agreement for the corporate exercise where Symphony would acquire all of Ranhill Group Sdn Bhd and all or substantially all of its subsidiaries for a purchase consideration to be determined.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

AirAsia X launches first Africa route, targets 156,000 annual travellers
Nova Pharma gets National Institute of Biotechnology contract
Affin Bank, AHIBB establish commercial papers and MTN programmes
Southern Score gets RM315mil residential hi-rise development contract
PUC to dispose of software and IP for RM22mil
Ringgit ends marginally higher versus US dollar
Vitrox to build research facility in Penang
BNM requires ITO to offer MHIT products with cost-sharing features starting 3Q
TM secures RM1.25bil NG999 implementation contract
Steel Hawk signs underwriting agreement with UOB for upcoming transfer of listing

Others Also Read