Takeover date for Hovid extended again

In a circular to shareholders yesterday, AmInvestment Bank said the offer price of 38 sen is higher than the ascribed equity value of 24 sen to 28 sen per share and represented a premium of 10 sen to 14 sen

PETALING JAYA: Hovid Bhd managing director David Ho Sue San and private equity group TAEL Partners have once again extended the closing date of their takeover offer for Hovid to Dec 29, 2017.

The offer was to have closed on Dec 7 from Dec 4 previously.