KUALA LUMPUR: HL Cement (Malaysia) Sdn Bhd and Ridge Star Ltd intend to undertake an unconditional voluntary takeover offer to acquire all the remaining ordinary and preference shares in Tasek Corporation Bhd.
The shares represent approximately 11.84% of the total issued 121.14 million ordinary shares, excluding treasury shares, and 35.09% of the total issued 335,000 preference shares.
“The joint offerors are acquiring in cash the offer shares for RM5.80 per offer ordinary share and RM5.80 per offer preference share,” said CIMB Investment Bank Bhd on behalf of the joint offerors in a filing to Bursa Malaysia today.
To date, the joint offerors hold 106,803,501 ordinary shares, representing approximately 88.16% of the total issued ordinary shares and 217,450 preference shares representing about 64.91% of the total issued preference shares. – May 12, 2020, Bernama
