GoldIS slips, secures 48.29% of IGB shares

KUALA LUMPUR: Shares of GoldIS Bhd slipped on Wednesday as the company and parties acting in concert (PAC) in the proposed conditional takeover of its associate IGB Corp Bhd, managed to secure about 48.29% of the IGB shares.

Under the Malaysian Code on Take-Overs and Mergers 2010, a voluntary offer is subject to the offeror having received acceptances which would result in the offeror holding in aggregate more than 50% of the shares of the offeree.