Ge-Shen Corp gives details on takeover offer

PETALING JAYA: Ge-Shen Corp Bhd, which received a takeover offer from Pelita Niagamas Sdn Bhd on Tuesday, announced that the GE-Shen redeemable convertible preference shares (RCPS) was issued on April 17 at an issue price of RM0.60 per Ge-Shen RCPS.

In a filing with the stock exchange, the plastic mould products manufacturer clarified that each RCPS would be convertible into one Ge-Shen share at the option of the holder.