Oman glass manufacturer Majan Glass (MGCI) has received a takeover bid.
Emerald National Investment SPC (ENI) has offered to buy 100% of MGCI at a price of OMR 0.004 per share.
It said: "The offer is to all the shareholders of MGCI to acquire 100% of the issued capital which would increase the offeror's beneficial shareholding in MGCI to 100% of the issued capital (being 42,023,300 fully paid up MGCO shares as at the record point."
The offer runs between January 4 and January 26 next year.
Emerald National Investment describes itself as a sole proprietorship firm with the aim of investing in diversified assets in Oman and overseas.
It is registered in Bousher, Muscat Governate, Oman.
Majan Glass is a container glass producer located in Sohar, Oman.
