<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 26): Tanah Makmur Bhd rose as much as 10 sen or 6% after its major shareholder, the Tengku Mahkota of Pahang Tengku Abdullah Sultan Ahmad Shah, upped his takeover offer for the company to RM1.90 a share from RM1.80.</p></div>

<div class=newsTextDataWrapInner><p>Tengku Abdullah has proposed to privatise Tanah Makmur via a selective capital reduction and repayment exercise.</p></div>

<div class=newsTextDataWrapInner><p>Shares of property-cum-plantation player Tanah Makmur climbed to their highest so far today at RM1.82. At 10:36am, the stock rose nine sen to RM1.81 for a market capitalisation of RM684.83 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Tanah Makmur was Bursa Malaysia's fourth-largest gainer.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, Tanah Makmur said Tengku Abdullah upped his takeover offer for the company to RM1.90 after taking into consideration factors including the group's net assets per share.</p></div>

<div class=newsTextDataWrapInner><p>The RM1.90 offer price is higher than Tanah Makmur's net assets per share of RM1.07 as at Dec 31, 2015, according to the company.</p></div>

<div class=newsTextDataWrapInner><p>Tengku Abdullah and parties in concert collectively hold about 68.08% of Tanah Makmur.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 26): Tanah Makmur Bhd rose as much as 10 sen or 6% after its major shareholder, the Tengku Mahkota of Pahang Tengku Abdullah Sultan Ahmad Shah, upped his takeover offer for the company to RM1.90 a share from RM1.80.

Tengku Abdullah has proposed to privatise Tanah Makmu...

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