Offer for Hovid takeover extended
KUALA LUMPUR: The voluntary takeover offer by Hovid Bhd 
managing director David Ho Sue San and Fajar Astoria Sdn Bhd has been extended to Jan 8, 2019 from
Dec 4, 2018.
In a filing with Bursa Malaysia, Hovid said Ho and Fajar Astoria have extended the closing date for the takeover offer of the company at 38 sen a share being the last extension allowed.
The joint offerors have secured 86.68% of Hovid thus far.
Hovid today also submitted an application for its withdrawal from the Main Market of Bursa Malaysia Securities Bhd. The company obtained shareholders’ approval for the withdrawal on Monday.
managing director David Ho Sue San and Fajar Astoria Sdn Bhd has been extended to Jan 8, 2019 from Dec 4, 2018.
In a filing with Bursa Malaysia, Hovid said Ho and Fajar Astoria have extended the closing date for the takeover offer of the company at 38 sen a share being the last extension allowed.
The joint offerors have secured 86.68% of Hovid thus far.
Hovid today also submitted an application for its withdrawal from the Main Market of Bursa Malaysia Securities Bhd. The company obtained shareholders’ approval for the withdrawal on Monday.
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