TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| HEXTAR INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | HEXTAR INDUSTRIES BERHAD ("HIB" OR "OFFEREE")
UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM M&A SECURITIES SDN BHD ON BEHALF OF HEXTAR HOLDINGS SDN BHD ("OFFEROR") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN HIB NOT ALREADY OWNED BY THE OFFEROR, FOR A CASH CONSIDERATION OF RM0.38175 PER SHARE ("OFFER") |
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We refer to our announcement dated 12 October 2022 and notification to the shareholders of HIB in relation to the Offer dated 19 October 2022.
The Board of Directors of HIB (“Board”) wishes to announce that HIB has today received a press notice from M&A Securities Sdn Bhd on behalf of the Offeror, informing that the offer document dated 2 November 2022, which sets out the details of the Offer ("Offer Document") and the Form of Acceptance and Transfer have been published today on the HIB's website at https://ir2.chartnexus.com/hexind/index.php and Bursa Malaysia Securities Berhad’s website.
A summary notification has been despatched to the holders of Offer Securities in accordance with paragraph 11.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions.
Please refer to the attached press notice for further details.
This announcement is dated 2 November 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | HEXTAR INDUSTRIES BERHAD |
| Stock Name | HEXIND |
| Date Announced | 02 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02112022-00021 |