- 173,100 OldTown Shares Dealt For Discretionary Clients
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173,100 OldTown Shares Dealt For Discretionary Clients

Last update: 02/01/2018
KUALA LUMPUR, Jan 2 (Bernama) -- CIMB Investment Bank Bhd (CIMB), the adviser to Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia) for the pre-conditional voluntary offer of the shares in OldTown Bhd, today clarified that CIMB had on Dec 28, 2017 acquired for CIMB's discretionary clients, 173,100 shares of OldTown at an average price of RM3.10 each.

On Dec 11, JDE Asia made a pre-conditional cash offer to acquire all the issued shares of OldTown at RM3.18 per share, valuing the company at RM1.47 billion.

JDE Asia is an indirect wholly-owned subsidiary of Jacobs Douwe Egberts BV (JDE), a privately owned company that is one of the leaders on the global coffee and tea segment, with brands such as Jacobs, Tassimo, Moccona, Senseo, Douwe Egberts and Super.



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