Hong Leong Asia bags 97.23% of Tasek at close of offer
Add BT as a preferred sourceHONG 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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Japan Home closing outlets; staff say Valu$ taking over operations
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career
Timah Partners lands S$60 million facility from lenders including UOB, RHB
