OSK Holdings serves notice on takeover offers

Strategic exercise: An artist’s impression of one of OSK Property’s projects called Pangaea in Cyberjaya that is due to be completed by 2020. OSK Holdings is offering RM1.95 per share for the remaining 67.45 million OSK Property shares not held by it and parties acting in concert.

PETALING JAYA: OSK Holdings Bhd has served a notice of unconditional mandatory takeover offer to OSK Property Holdings Bhd and a conditional voluntary takeover offer to PJ Development Holdings Bhd (PJD) to acquire the shares in both property firms that it does not own.

In a filing with Bursa Malaysia, OSK Holdings said the offer to OSK Property had turned unconditional yesterday.