PETALING JAYA: Sweet deal, smooth execution. That sums up the privatisation process of power and gaming outfit Tanjong plc.
In just less than two months after announcing its conditional buyout offer, Tanjong Capital Sdn Bhd – a special purpose vehicle set up by Usaha Tegas Sdn Bhd and its allies for the purpose of taking Tanjong private – had already received enough acceptances to give it more than 90% ownership of Tanjong.
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