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Trusted by
Acquiring Company
Prosper Trading Sdn Bhd
Acquired Company
United Malacca Bhd
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.
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.
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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