A Financial Survey of Acquisitions in Malaysia 1980-1986

Fauzias Mat Nor, Takiah Mohd Iskandar

Abstract


This paper reports on a financial survey of acquisitions by public listed companies in Malaysia during the period 1980 to 1986. It analyses the characteristics of companies involved in the acquisition and the modes of payment used in the acquisitions. The survey found that most of the acquisitions resulted in controllling power over the acquirred companies, diversificatiob was the most common reason for acquisitions, asset approach was the main method used for valuation, and the issuance of ordinary shares was the most common mode of payment.

ABSTRAK

Kertas ini melaporkan suatu tinjauan kewangan tentang pengambilalihan di Malaysia untuk tempoh 1980 hingga 1986. Tinjauan ini menganalisis ciri-ciri syarikat yang terlibat dalam pengambilalihan,kaedah-kaedah penilaian yang digunakan untuk menentukan harga pengambilalihan dan cara-cara pembayaran yang digunakan di dalam pengambilalihan. Hasil kajian ini menunjukkan bahwa kebanyakan pengambilalihan telah menghasilkan penguasaan terhadap syarikat yang dibeli,pempelbagaian merupakan alasan utama pengambilalihan, pendekatan aset adalah kaedah utama yang digunakan di dalam penilaian, dan terbitan saham biasa adalah kaedah pembayaran yang paling utama digunakan.


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