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Trading halted, director dies

United Malacca Shares Halted After Director Tee Lip Sin Dies

RaymondRates.my2 min read

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Bursa Malaysia halted United Malacca Berhad shares on Wednesday, after the plantation group said executive director Dato’ Sri Tee Lip Sin has died. He was also group managing director of Prosper Group, behind this week’s RM6.10-a-share take-over offer.

2.30-3.30pm
Trading halt
14 Oct 2026, Bursa notice
RM6.04
Last traded
unchanged, 12.13pm trade
RM6.10
Take-over offer price
Prosper Trading’s bid

What did United Malacca announce today?

Trading was halted at 2.30pm, and the company’s explanation followed three minutes later: a Change in Boardroom filing (ref C03-14102026-00006). Shares had traded at RM6.04 just before that, unchanged on the day (Yahoo Finance, KLSE Screener).

What is the RM6.10 take-over offer for United Malacca?

Sunlight filtering through a dense oil palm plantation grove
United Malacca is a plantation group; the Tee family already controlled roughly a third of its shares before this week's deal. · Photo: Unsplash

Days earlier, Prosper Trading bought a 13.4% stake in United Malacca from Great Eastern for RM171.9 million, triggering a mandatory offer at RM6.10 a shareand lifting the Tee family’s stake to 47.7%. Tee Lip Sin was group managing director of Prosper Group, the vehicle behind the deal. A day before his death, Kenanga Research told shareholders to reject the offer, saying it undervalues the group against its RM7.44 NTA per share (New Straits Times).

Track the live price on the Bursa heat list, or read about another Bursa trading suspension tied to a take-over offer this month, MKH’s compulsory acquisition by Batu Kawan.

What to watch

  • 14 Oct 2026, 3.30pmTrading in UMCCA resumes, after today’s hour-long halt (Bursa notice).
  • 17 Dec 2026Deadline for eligible shareholders who sold United Malacca shares below RM6.10 since 26 Sep 2024 to claim the difference under the family’s separate compensation scheme (New Straits Times).
Not financial advice. This is general information on United Malacca Berhad’s (2593) Bursa Malaysia filings and share price, as of 14 October 2026. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices and filings with your broker before acting.

Sources

Bursa filings (via KLSE Screener)

Reporting and data

Ready to act on this?

Track UMCCA on the live Bursa heat list

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