PFCE mandatory general offer may not succeed

KUALA LUMPUR: PFCE Bhd is confident that the take-up of the mandatory general offer (MGO), issued by DAT Group Sdn Bhd (DAT) to acquire the remaining shares that DAT does not already own, will be limited as its shareholders believe in the prospects of the company.

In its filing to Bursa Malaysia on June 20, 2012, PFCE had announced that DAT would extend an MGO to acquire the remaining shares it did not already hold in PFCE. The MGO will give PFCE's shareholders the option to sell their shareholdings in the company for 60 sen per share.