HEXIND

0.375

+0.005 (+1.4%)

Unconditional Mandatory Take-over Offer


Description
HEXTAR INDUSTRIES BERHAD ("HIB" OR THE "OFFEREE")

OFFER DOCUMENT IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY HEXTAR HOLDINGS SDN BHD ("OFFEROR") THROUGH M&A SECURITIES SDN BHD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN HIB NOT ALREADY OWNED BY THE OFFEROR ("OFFER SHARES") PURSUANT TO THE SUBPARAGRAPH 4.01(A) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("OFFER")
Despatch Date 02 Nov 2022
Acceptance Period 02 Nov 2022 to 23 Nov 2022
Closing Date 23 Nov 2022
Closing Time 5:00 PM

Name of Offeror(s)

Offeror Listed on Bursa Malaysia
Hextar Holdings Sdn. Bhd.
No

Offer by Offeror(s) Cash
Cash
Offer Price Per Unit Malaysian Ringgit (MYR) 0.3818

Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0327839299
Fax:0327839222

Remarks :
The Offer entails an unconditional mandatory take-over offer by the Offeror through M&A Securities Sdn Bhd to acquire all the remaining Shares not already held by the Offeror for a cash consideration of RM0.38175 per Offer Share.

Please note that the Offer Price per Unit stated above of RM0.3818 is due to template restrictions in inputting the actual Offer Price per Unit of RM0.38175. 

Please refer to the Offer Document which sets out the details, terms and conditions of the Offer.

Please refer attachment below.



Announcement Info

Company Name HEXTAR INDUSTRIES BERHAD
Stock Name HEXIND
Date Announced 02 Nov 2022
Category Take-over Offer
Reference Number TEN-01112022-00001
Corporate Action ID MY221101TEND0001