KUALA LUMPUR: Yee Lee Corp Bhd, which trades in edible oil, announced that its major shareholders now hold around 90.08% of the company.
This is above the 90% threshold that is needed to withdraw its listing status or to undertake a compulsory acquisition of the company.
In a filing with Bursa Malaysia on Tuesday, Yee Lee said it had received a voluntary takeover offer from joint offerers namely its executive director Datuk Lim A. Heng @ Lim Kok Cheong and parties acting in concert to acquire the shares that they did not already own in Yee Lee.
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