KUALA LUMPUR: Ornapaper Bhd
has received an conditional mandatory takeover from Intisari Delima Sdn Bhd to acquire the remaining shares in the company not owned by it at RM1.06 per share.
In a filing with Bursa Malaysia, the corrugated board maker said the takeover offer was triggered after Intisari acquired 15,000 shares, or 0.02% in Ornapaper from the open market, increasing the shareholding of Intisari Delima and persons acting in concert (PACs) with it to 33.01%.
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