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BUSINESS • 13/02/2025 03:59 PM

MAHB Applies For Delisting After Consortium Secures 98.68 Pct Stake

KUALA LUMPUR, Feb 13 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has submitted an application to Bursa Securities for the removal of its listing status from the Official List, in line with Paragraph 16.07(a) of the Listing Requirements.

Yesterday, Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (collectively, the consortium) received valid acceptances totalling 1.646 billion Malaysia Airports Holdings Bhd (MAHB) shares, representing 98.68 per cent of the total issued shares of MAHB as at 5pm yesterday.

In a statement on behalf of the consortium, AmInvestment Bank said that the consortium will invoke the provisions of Section 222 of the Capital Markets and Services Act 2007 to compulsorily acquire any remaining offer shares from dissenting holders, and necessary steps will also be taken to delist the offeree from the Official List. 

As the consortium does not intend to maintain the listing status, having collectively held more than 90 per cent of MAHB shares pursuant to the offer, Bursa Malaysia Securities will suspend the trading of MAHB’s shares from Feb 20, five market days from Feb 12.

-- BERNAMA

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