GDA extends deadline again in MAHB offer


This is the second extension, following the first which was from the closing period of Jan 8 to Jan 17.

PETALING JAYA: Gateway Development Alliance Sdn Bhd (GDA), the Khazanah Nasional Bhd-led group that is looking to de-list Malaysia Airports Holdings Bhd (MAHB), has again extended the deadline for the acceptance of its share purchase offer to 5pm on Jan 24.

This is the second extension, following the first which was from the closing period of Jan 8 to Jan 17.

The other joint offerors of the deal are Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd, which is owned by Blackrock Inc.

GDA said its purchasing offer price of RM11 per MAHB share has effectively garnered an 86.18% acceptance rate as of 5pm yesterday, although it was still below the conditional 90% rate that was stipulated in the deal.

The acceptance rate included the 0.41% of shares that have been transferred to GDA and its associates but are pending receipts of the acceptance documents.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

SupportLine
Bursa reverses gains to end lower ahead of US data
SC Estate Builder wins solar project
AZRB appoints new CEO and COO
Hyundai, Kia set record in eco-vehicle exports
‘Good year for property’
Potential upside for CPO prices in 2025
Titijaya sees growing demand for ToD projects
Directors keen on AI, diversity but face challenges
SSBB bags RM78mil contract

Others Also Read