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Albedo refutes Malaysian report of scuttled RTO deal

Report in The Star Online said to have triggered plunge in share price

Danny Tan: The planned reverse takeover will involve the tycoon injecting several land parcels in the Iskandar development. - PHOTO: THE STAR PUBLICATION

A PLANNED reverse takeover (RTO) deal is still on, steel materials supplier Albedo said yesterday, refuting a Malaysian news portal report that it said could have caused the stock to tumble in the morning.

"The parties to the proposed acquisition have not reached any mutual agreement -...

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