Hong Leong Asia bags 97.23% of Tasek at close of offer

HONG Leong Asia on Monday said it has garnered 97.23 per cent shareholding in cement manufacturer Tasek Corp Bhd as at the close of the unconditional voluntary takeover offer.

As the offeror does not intend to keep Tasek Corp listed, its shares will be suspended on Aug 11, according to Tasek's filing to the Bursa bourse.

Hong Leong Asia had raised the offer price from RM5.50 per share to RM5.80 and extended the closing of the offer twice from the initial date on June 23, Malaysian media said.