HL Cement extends closing date for Tasek offer to July 22

?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

KUALA LUMPUR: HL Cement (Malaysia) Sdn Bhd has extended its takeover offer for the remaining Tasek Corporation Bhd shares from 5pm on Tuesday to July 22.

It said on Monday the terms and conditions of the offer of RM5.50 per share and RM5.50 per preference share remained unchanged.

When HL Cement made the takeover offer on June 18, it owned 97.887 million shares or 80.8%.

At the closing date on July 5, it owned 103.02 million shares or 85.04%.

At midday on Monday, Tasek closed down one sen to RM5.50.