TAKEOVER OF­FER PRICE FOR JO­HAN RE­VISED UP

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: The takeover of­fer price for Jo­han Hold­ings Bhd has been re­vised up­ward by one sen to 26 sen per share. The group told Bursa Malaysia that this is be­cause the of­feror, Mustika Ma­nis Sdn Bhd, bought an ad­di­tional 2.1% stake for 26 sen or RM3.9 mil­lion on Oct 12. The 26 sen of­fer price is to be equiv­a­lent to be price paid by the of­feror for the sec­ond ac­qui­si­tion. Fol­low­ing that, the of­fer price now rep­re­sents a 1.33% pre­mium to its five-day vol­ume weighted av­er­age price of 25.66 sen. Jo­han said the board will hold a board meet­ing to de­lib­er­ate the of­fer and make an an­nounce­ment in due course.

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