KUALA LUMPUR: Batu Kawan Bhd
has extended its takeover offer deadline for Chemical Company of Malaysia Bhd (CCM) from Jan 14, to Feb 2.
Batu Kawan said in a statement yesterday the extension was to allow more time for CCM shareholders to accept the offer in view of the various forms of movement control orders imposed by the government which are currently in place.
Batu Kawan said based on the level of acceptances of the unconditional mandatory takeover offer as of Thursday, the company and parties acting in concert hold 147.62 million shares or 88.03%.
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