Hong Leong Asia further extends takeover bid for Tasek to Aug 3

Sharon See

Published Tue, Jul 14, 2020 · 02:40 PM

HONG Leong Asia has again extended its bid to take over Malaysian cement maker Tasek Corporation, said the mainboard-listed company in an exchange filing on Tuesday.

The deadline for its unconditional voluntary takeover offer for all remaining ordinary shares and preference shares has now been moved to 5pm on Aug 3, instead of the original deadline of 5pm this Friday.

The company first sought to take over the Malaysia-listed Tasek last year, launching the offer on May 12.

It now owns 97.09 per cent of Tasek.

Hong Leong Asia shares closed at S$0.50 on Tuesday, down 1 Singapore cent or 2 per cent from the previous day.