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Green Packet: No offers for company shares
KUALA LUMPUR: Green Packet Bhd (GPB) said today it did not received any general offers for all the company's shares. The company was clarifying a news article in a local Chinese daily on Oct 17, 2012, which stated that "there may be a possible general offer for all the shares of GPB". The company has also clarified a report in a financial daily, saying that it is exploring strategic alternatives for Packet One Networks (M) Sdn Bhd (P1), including the possibility of merger, consolidation, to sell a stake and other options to maximise shareholders value. According to the report which was also published on October 17, GPB was looking to exit the broadband service business by selling its entire 61 per cent stake in P1. "So far, no discussions have commenced nor have definitive terms been discussed or concluded," GPB said in a statement. GPB also said it had not received any bids from any party to purchase its shareholdings in P1. -- BERNAMA