KUALA LUMPUR: Japan Tobacco Inc., the major shareholder of JTI Malaysia Bhd with 60.37% stake or 157.885 million shares, has launched a conditional takeover for the remaining shares at RM7.80 cash per share.
JTI Malaysia said on Monday it had received the takeover offer for the remaining shares comprising of 39.63% or 103.649 million shares totalling RM808.46mil from Japan Tobacco Inc's unit JT International Holding B.V.
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