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 |