Super Enterprise receives conditional voluntary take-over offer

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KUALA LUMPUR (July 8): Super Enterprise Holdings Bhd has announced it has received a press notice from MCC LABL2 Netherlands B.V. for a conditional voluntary take-over offer at RM3.80 per share.

In a filing to Bursa Malaysia today, Super Enterprise said the offer to shareholders was to acquire all ordinary shares of RM1 each, which are not yet held by MCC LABL2, at RM3.80 per share.

It added the offer is open for acceptances until 5pm, July 29, unless revised or extended.

Super Enterprise's share price (fundamental: 2.2; valuation: 1.4) closed 1.96% or seven sen lower at RM3.51, for a market capitalisation of RM149.2 million. The stock saw 135,300 shares changing hands today.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)