KUALA LUMPUR: Malaysia Aica Bhd (Maica) has been served an unconditional takeover offer from TER Equity Sdn Bhd, a private entity owned by Datuk Ter Leong Yap, to acquire all the shares in Maica for 85 sen per share following the latter’s acquisition of 39.28 million shares for RM33.39mil cash or 85 sen per share.
In a filing with Bursa Malaysia, Maica said its board would deliberate on the notice and make the necessary announcements pursuant to Section 11(11) of the Malaysian Code on Take-Overs and Mergers, 2010 on a later date.
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