Tasek receives offer from HL Cement

The joint offerors currently hold 88.16% of Tasek’s ordinary shares, and 64.91% of its preference shares. (File pic shows Tasek's plant in Ipoh)

PETALING JAYA: Tasek Corp Bhd has received an unconditional takeover offer from HL Cement (Malaysia) Sdn Bhd and Ridge Star to take the company private at a cash consideration of RM5.80 for each of its ordinary and preference shares.

In a filing with Bursa Malaysia, Tasek said the joint offerors had offered to acquire all the remaining ordinary shares and preference shares, which are not already held by them, representing 11.84%, or 121.1 million, ordinary shares, and 35.09%, or 335,000 preference shares, at RM5.80 per ordinary share and RM5.80 per preference share.