OSK fails to take over PJD

OSK Holdings Bhd group managing director Tan Sri Ong Leong Huat

PETALING JAYA: OSK Holdings Bhd, which is planning to form a mega property company, has failed to take over PJ Development Holdings Bhd (PJD) at the close of the offer yesterday.

OSK ended up with 89.36% of PJD, hence falling short of the required acceptance level to take the company off Bursa Malaysia.