Joint offerers secure over 90% of Hovid
KUALA LUMPUR: The voluntary takeover offer by Hovid Bhd managing director David Ho Sue San and Fajar Astoria Sdn Bhd (joint offerers) have secured more than 90% of the total issued shares of Hovid as at market closing yesterday.
In a filing with Bursa Malaysia, Hovid said the shareholders who have yet to accept the joint offerors’ takeover offer and wish to do so are still able to accept it until the final closing date, which is 5.00 pm on Jan 8, 2019.
Ho and Fajar Astoria have launched the takeover offer of the company and an exit offer in the form of a conditional voluntary offer to take over the remaining shares they do not own at 38 sen per share.
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