Tasek Corp takeover offer extended further to Aug 5
Last update: 19/07/2019
KUALA LUMPUR, July 19 (Bernama) -- HL Cement (Malaysia) Sdn Bhd and Ridge Star Ltd (joint offerors) have extended their unconditional voluntary takeover offer for the remaining shares in Tasek Corporation Bhd that they do not already own.
On behalf of the joint offerors, CIMB Investment Bank Bhd said the closing time and date for the acceptances of the offer had been extended to Aug 5, 2019 from July 22, 2019.
As at 5 pm on July 19, the joint offerors held 103.399 million ordinary shares representing 85.35 per cent of the 121.143 million total issued and paid-up ordinary shares and 211,450 preference shares or 63.12 per cent of the preference shares in Tasek.
“Save for the closing date, all other details and the terms and conditions as set out in the offer document remain unchanged. The Notice of Closing Date will be dispatched to the holders accordingly,” it said in a filing to Bursa Malaysia today.
In May, Tasek Corp has received an unconditional voluntary takeover offer from the joint offerors to acquire the remaining shares they do not own in the cement maker, at an offer price of RM5.50 per share.