PETALING JAYA: FCW Holdings Bhd chairman Tan Sri Robert Tan has decided to make a general offer (GO) for the company if his stake rises above 33% after a proposed rights issue.
FCW said in a statement on Wednesday that Tan and persons acting in concert with him would extend a mandatory general offer (MGO) for all the remaining shares, if their combined stake crossed 33% after the rights issue.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!