More than 60% acceptance of SEGI shares and warrants

PETALING JAYA: SEG International Bhd (SEGi) has announced that it received 64.33% acceptance of shares on the unconditional take-over by Navis Capital Investment Ltd’s (Navis Capital) investment firm Pinnacle Heritage Solutions Sdn Bhd as of 5pm yesterday. On the other hand, 63.70% of warrants offered have been accepted.

To recap, on April 25 Navis Capital and SEGi group managing director Datuk Seri Clement Hii made a general offer to privatise SEGi at RM1.74 per share and RM1.214 per outstanding warrant.