The audited net tangible asset (NTA) value represented by the proposed acquisition as at Dec 31, 2019, was about RM420,000.
See also: HSBC’s US$14 bil Hong Kong buyout adds to exuberant year
Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.
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Shares in OCBC closed flat at $10.65 on Feb 18.
