TEJARI Technologies Bhd’s largest shareholder, KOM2 Holdings Sdn Bhd, increased its direct holdings in the Malaysian hydraulic systems manufacturer to 29.85 per cent, the Edge newspaper reported, citing stock exchange filings.
KOM2 acquired 17.82 million Tejari shares, representing a 10.9 per cent stake, via off-market purchases on Jan. 29, it said, adding that this is raising speculation that a takeover could be on the cards. - Bloomberg
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