Euro Holdings gets takeover offer from executive director, 2 shareholders

PETALING JAYA: Euro Holdings Bhd has received a conditional mandatory takeover offer from its executive director and two major shareholders to acquire the remaining 52.3% of the share capital that they do not already own, for a cash consideration of 44 sen a share.

The joint offerors – executive director and a major shareholder, Datuk Seri Choong Yuen Keong and two other major shareholders, Datuk Tong Yun Mong and Tee Wee Sien -- want to acquire all the remaining shares in Euro not already held by them, amounting to 42.394 million shares.