Oji Papers receives acceptance of 94.7% for United Kotak takeover


KUALA LUMPUR: Oji Paper Asia Sdn Bhd (OPA) has received acceptances amounting to 94.69% of United Kotak Bhd's shares, as at Dec 31 last year, the closing date of the takeover offer.

It represented 42.54 million shares at an offer price of RM1.40 each, OPA said in a filing to Bursa Malaysia.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Dollar stuck in narrow band as traders eye Middle East, US data
Thailand sees 2% growth and 3% inflation in 2026, central bank chief says
Gold gains on easing Treasury yields amid Mideast uncertainty
Indonesia April trade surplus smallest in six years, May inflation quickens
YTL AI Cloud achieves NVIDIA exemplar cloud status
Southeast Asia stocks rise as trading resumes; South Korean equities retreat from peak
Oil slips after Trump says talks with Iran are ongoing
Trump administration proposes 25% tariff to punish Brazil over trade practices
Indonesia May inflation picks up to 3.08% y/y
China's yuan hits 3-year high; investors eye Mideast peace talks

Others Also Read