KUALA LUMPUR: The Employees Provident Fund Board, which had proposed to take over MALAYSIAN RESOURCES CORP [] Bhd, stepped up its acquisition of MRCB shares.
A filing with Bursa Malaysia on Friday, March 26 showed the EPF had acquired 12.28 million shares at an average price of RM1.50.
On March 3, the EPF extended a conditional general offer (GO) of RM1.50 cash per share for the 66.2% of MRCB that it did not own after the rights issuance exercise.