<div class=newsTextDataWrapInner><p>KUALA LUMPUR: The proposed reverse takeover exercise (RTO) of&nbsp;Bina Goodyear Bhd has fallen through.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Bina Goodyear said&nbsp;Trinity Group Sdn Bhd&nbsp; had “considered and decided” not to resume negotiation on the proposed RTO.</p></div>

<div class=newsTextDataWrapInner><p>The RTO was part of Bina Goodyear’s regularisation plan, which included proposals for a capital restructuring exercise, a share exchange to be carried out between the company and a special purpose vehicle company, and a rights issue. Bina Goodyear in early September signed a heads of agreement with Trinity Group to facilitate the new regularisation plan.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a separate filing with the exchange last month, Bina Goodyear declared that its external auditor had issued a disclaimer opinion on its financial statements for the year ended June 30.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on November 6, 2014.</p></div>


KUALA LUMPUR: The proposed reverse takeover exercise (RTO) of Bina Goodyear Bhd has fallen through.

In a filing with Bursa Malaysia yesterday, Bina Goodyear said Trinity Group Sdn Bhd  had “considered and decided” not to resume negotiation on the proposed RTO.

T...

Stocks With Momentum: RTO of Bina Goodyear falls through

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