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Prosper Trading offers takeover for United Malacca

PRIVATEOct 13, 2026

Acquiring Company

Prosper Trading Sdn Bhd

Acquired Company

United Malacca Bhd

Petaling JayaMalaysiaAgriculture and FarmingOil And GasAgriculture and Farming

Description

The Tee family, through Prosper Trading Sdn Bhd, has launched a mandatory takeover offer for United Malacca Bhd valued at RM670 million. Following a previous acquisition of a significant stake, Prosper Trading seeks to increase its ownership to over 50%. The offer price is RM6.10 per share, which is above the recent trading price, aiming to secure more shares from existing shareholders.

Company Information

Company

Prosper Trading Sdn Bhd

Location

Petaling Jaya, Selangor, Malaysia

About

Prosper Trading Sdn Bhd is owned by Tee Kim Tee and Tee Cheng Hua. The company is involved in the agricultural sector, specifically oil palm cultivation. Recently, it acquired a significant stake in United Malacca Bhd. The firm is looking to expand its ownership through a mandatory takeover offer.

Fundz sees it the moment Prosper Trading Sdn Bhd makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired United Malacca Bhd?

United Malacca Bhd was acquired by Prosper Trading Sdn Bhd, based in Petaling Jaya. The deal was reported on October 13, 2026. Prosper Trading Sdn Bhd is owned by Tee Kim Tee and Tee Cheng Hua. The company is involved in the agricultural sector, specifically oil palm cultivation. Recently, it acquired a significant stake in United Malacca Bhd. Prosper Trading Sdn Bhd is privately held and operates in Agriculture and Farming.

When did Prosper Trading Sdn Bhd acquire United Malacca Bhd?

Prosper Trading Sdn Bhd's acquisition of United Malacca Bhd was reported on October 13, 2026. The Tee family, through Prosper Trading Sdn Bhd, has launched a mandatory takeover offer for United Malacca Bhd valued at RM670 million. Following a previous acquisition of a significant stake, Prosper Trading seeks to increase its ownership to over 50%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does United Malacca Bhd do?

United Malacca Bhd is an oil palm grower with interests in the cultivation and processing of palm oil. The company is publicly traded on the Bursa Malaysia, contributing to the agricultural sector. It is privately held, operating in Oil And Gas, and is based in Malaysia.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.