PETALING JAYA: The closing date and time for acceptances of the conditional mandatory takeover offer by Tanco Holdings Bhd
’s major shareholders for the shares and redeemable convertible note (RCN) not already owned by the offerors, have been extended to 5pm on April 7, 2017.
“On behalf of the joint offerors, Mercury Securities wishes to announce that the closing date and time for acceptance of the offer have been extended from 5pm on March 24, to 5pm on April 7, 2017,” Tanco said in a filing with Bursa Malaysia.
It added that the terms and conditions of the offer as set out in the offer document remain unchanged.
Last month, Tanco said the joint offerors, Datuk Seri Tan Jing Nam, Andrew Tan Jun Suan and Datuk Tan Lee Sing own a collective 34.1% stake in Tanco. They offered to take over Tanco at 8.12 sen a share and RM1.624 per redeemable convertible note (RCN). The intend to maintain the listing status of Tanco.
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