SUPALAI TO TAKE MK

Real Estate July 20, 2018 01:00

By The Nation

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Supalai Plc (SPALI) has reiterated that it would make a takeover bid for MK Real Estate Plc (MK) in a deal that values the targeted real estate developer at Bt4.067 billion as stated earlier, said Tritecha Tangmatitham, managing director of SPALI. MK’s share price rose above its voluntary tender offer of Bt4.10 per share to Bt4.64 yesterday.



Tritecha said discussions have been held with the targeted real estate developer and a tender offer will be made for a 100 per cent stake, or 992.01 million shares, on July 24.