PETALING JAYA: The conditional mandatory takeover offer by Chin Hin Group Bhd closed yesterday at 5pm, with total shares held by the offerer and ultimate offerers at 175.12 million shares or a 59.08% stake. It also held 37.03 million shares or a 28.93% stake of its warrants.
The offerer received acceptances of 46.4 million shares or a 15.65% stake based on the 296.41 million shares of the company. Meanwhile for the warrants, it received acceptances of 2.69 million shares or a 2.1% stake of the total outstanding warrants as of the closing date.