KINIBIZ In a span of less than six months EcoWorld Development Sdn Bhd has acquired substantial land banks in Johor and tracts in the Klang Valley and Penang, and is now looking to buy a 65 percent block in publicly traded Focal Aims Holdings Bhd for RM230.7 million cash or RM1.40 per share.

At RM1.40 per share, the offer price is an 11 premium premium to Focal Aims’ net asset per share as at end June this year and almost a 54 percent premium to its last traded price prior to news of the takeover coming out.

The offer triggered a mandatory general offer for the remaining 35 percent not under EcoWorld’s control.

Interestingly, acting with EcoWorld is Liew Tian Xiong, eldest son of SP Setia Bhd president and CEO Liew Kee Sin (Liew). It is worth noting that Tian Xiong, 22, had only graduated from Melbourne University in late 2012 with a Bachelor in Commerce.

Additionally, Tian Xiong’s younger brother Tian Rong, who is currently pursuing an Economics degree from University London College, is also a contract staff member at EcoWorld at the moment.

Go to KiniBiz for more .