Langit Makmur buys more Yee Lee shares as offer extended until July 3

The counter rose rose 20.10%, or 39 sen, with 1.64 million shares traded, before settling at RM2.33 yesterday. (File pic shows one of the many Yee Lee products.)

KUALA LUMPUR:  Langit Makmur Sdn Bhd, which is one of the joint offerors in the takeover of Yee Lee Corp Bhd, bought 155,500 shares at RM2.33 each on Wednesday.

The closing date for Yee Lee minority shareholders to accept the takeover offer from its executive chairman Datuk Lim A Heng @ Lim Kok Cheong and parties acting in concert was extended from June 21 to July 3.

As at June 18, the joint offerors collectively hold 159.10 million shares, representing 83.04% of the issued shares. They also received acceptances for an additional 374,136 shares of 0.2%.

On Wednesday, UOB Kay Hian Securities said that July 3 would be the final extension of the closing time and date for the acceptance of the offer.  It added there would be no further extension beyond the final closing date.

The offerors included Lim, Datin Chua Shok Tim @ Chua Siok Hoon, Lee Ee Young and Langit Makmur. Lim is also chairman of SPRITZER BHD .

They offered to acquire the outstanding 41.59% stake comprising of 79.69 million shares at RM2.33 each or RM185.67mil.


Langit Makmur , Yee Lee , Lim Kok Cheong


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