UEM Builders/CIMA ... Sept 2008

UEM Group Bhd had served notices of takeover on UEM Builders Bhd and Cement Industries of Malaysia Bhd (CIMA).

UEM Group, which owns 51.71% of UEM Builders Bhd, proposed to acquire the remaining stake at RM1.42 per share. The other shareholders of UEM Builders are Lembaga Tabung Haji with 5.7%, or 55.24 million shares, and the Employees Provident Fund Board with 44.856 million shares, or 4.65%.

UEM Group, which owns 50.38% or 71.19 million CIMA shares, also made an offer to acquire the remaining CIMA shares at RM6.26 per share.