Chai Woon Chet makes takeover offer for Advance Information Marketing at 13 sen per share

TheEdge Wed, Oct 14, 2020 05:11pm - 3 years View Original


KUALA LUMPUR (Oct 14): Advance Information Marketing Bhd (AIM) said it had today received a notice of conditional voluntary takeover offer from Datuk Chai Woon Chet, who intends to acquire all the shares in AIM at 13 sen each.

"Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, an independent adviser will be appointed by the board in due course to provide comments, opinions, information and recommendation on the offer to the non-interested directors and holders of the offer shares,” AIM said in a statement to Bursa Malaysia today.

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