Loh & Loh to be delisted

PETALING JAYA: Javace Sdn Bhd, which has made a mandatory take-over offer to acquire all shares in Loh & Loh Corp Bhd, has received valid acceptances resulting in it and the parties acting in concert holding 65.84 million shares in Loh & Loh. This represents 96.82% of the issued and paid-up capital of the company, Loh & Loh told Bursa Malaysia yesterday.

The offerors do not intend to maintain the listing status of Loh & Loh in the event it holds 90% or more of the issued and paid-up share capital.