Choong may launch mandatory general offer to increase stake in furniture maker Euro

Furniture making at Euro Holdings factory in Rawang.

PETALING JAYA: Euro Holdings Bhd’s major shareholder and director Datuk Seri Choong Yuen Keong has plans to extend a mandatory general offer (MGO) if he and the parties acting in concert with him could raise their combined stake in the company to more than 33%.

In its filings with Bursa Malaysia, Euro revealed that Choong had informed the board that he was in talks with several parties to increase stakes in the company, which is involved in the manufacturing and trading of office furniture.