Hovid despatches takeover of­fer doc­u­ments

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: Hovid Bhd has despatched the of­fer doc­u­ments in re­la­tion to the con­di­tional vol­un­tary takeover of­fer by the joint of­fer­ors Fa­jar As­to­ria Sdn Bhd and Ho Sue San @ David Ho Sue San to the share­hold­ers and war­rant hold­ers.

In a fil­ing with Bursa Malaysia yes­ter­day, Hovid said the of­fer in­volved the joint of­fer­ors’ plan to ac­quire all the re­main­ing or­di­nary shares and war­rants of the com­pany not al­ready held by them for a cash of­fer price of 38 sen per of­fer share and 20 sen per of­fer war­rant.

“The of­fer doc­u­ments are avail­able on Bursa’s web­site at www.bur­samalaysia.com,” it said.

It said the of­fer would be opened for ac­cep­tances un­til 5pm on Nov 20, 2017 un­less ex­tended.

At 3pm yes­ter­day, 700,900 com­pany were trans­acted.

Pre­vi­ously, its man­ag­ing di­rec­tor Ho Sue San, who is also the largest share­holder, has teamed up with Asean-fo­cused pri­vate eq­uity group, TAEL Part­ners, to take the phar­ma­ceu­ti­cal firm pri­vate. — Ber­nama shares of the

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