Yeo Hiap Seng

Yeo Hiap Seng: Lift of trading halt. To privatise Yeo Hiap Seng Msia (YHSM) of which co owns 61.1% of. Co will take YHSM private at RM3.60 per share for a total of RM213.6m. The closing price of YHSM per share was approx RM3.16 after adjusting for dividendsand the offer is at a 13.9% premium to it. The acquisition is approx at 22.5x P/E and 2.0x P/B Co trades at 8.1x P/E and 1.2 P/B