Nyalas offers S$2.36 per share for BMT as Spinola family exits
Singapore
CONTROL of British and Mala-yan Trustees (BMT) has passed from one group of old-money investors to another.
Nyalas Rubber Estates is offering to buy all the remaining shares of BMT for S$2.36 per share after becoming the majority stakeholder in the trustee services company.
Nyalas, a palm oil producer and investment vehicle controlled by the Lee family that also holds stakes in Malaysia-listed Kuchai Development and Kluang Rubber, is making the offer through special purpose vehicle Emerald…
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