CCB’s share price surged as high as RM19.50 per share in 1997,” Goh says. It is worth noting that JCCL is not allowed to acquire any CCB shares above RM2.40 in the next six months after the second failed privatisation attempt. “If JCCL wants to trigger a compulsory acquisition, they need to get about 95.91% of all the CCB shares. “We are pretty sure that this third time around, the offer price will be so good that we will also sell. “Being a minority shareholder of CCB, we don’t expect CCB to give us business or anything.
