HL Cement extends closing date for Tasek Corp takeover


In a filing with Bursa Malaysia, Country View said that the acquisition

KUALA LUMPUR: HL Cement (Malaysia) Sdn Bhd has extended the closing date for Tasek Corporation Bhd's minority shareholders to accept its takeover offer from July 19 to Aug 5.

HL Cement said on Monday that except for the closing date, all other details and the terms and conditions of the offer, including the takeover offer price of RM5.50 a share, remained unchanged.

At 5pm on July 19, HL Cement owned 103.429 million Tasek shares or 85.38%.

At midday, Tasek's share price was unchanged at RM5.53.

 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

HL Cement , Tasek Corp , takeover offer

   

Next In Business News

ECB rate cut case getting stronger, says chief economist Lane
Malaysia Book of Records appointed Christopher Wong as CEO
Oil nudges higher after Saudi Arabia hikes prices
China's services activity eases in April but still solid, Caixin PMI shows
No knee-jerk decline in Carlsberg sales following price hike
Ringgit opens higher against US$ as greenback weakens
Foreign inflow to Bursa Malaysia surges to RM1.06bil net
Domestic equities get boost from global demand
Trading ideas: BHIC, Naza, F&N, Pestech, PetGas, XIX, TT Vision, Uzma, WTK, Ranhill, Farm Price, Sarawak Cable, SLP
Fed’s Williams says 2% inflation target ‘critical’

Others Also Read