In a filing with Bursa Malaysia, Rubberex said Hextar Rubber and Ong had acquired 57.24 million ordinary shares, or a 20.63% stake, in Rubberex yesterday from Seng Sheng Enterprise Sdn Bhd which owns 8.87%, Datuk Seri Chiau Beng Teik (8.16%) and Peh Lian Hwa (3.60%). Prior to the acquisition, Hextar Rubber and Ong, also known as the joint-offerers, had held a 29.55% equity interest in Rubberex.
PETALING JAYA: Small-cap glove maker Rubberex Corp (M) Bhd has received an unconditional mandatory takeover offer to acquire all the remaining ordinary shares from Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng for a cash offer price of RM1.80 per share.
In a filing with Bursa Malaysia, Rubberex said Hextar Rubber and Ong had acquired 57.24 million ordinary shares, or a 20.63% stake, in Rubberex yesterday from Seng Sheng Enterprise Sdn Bhd which owns 8.87%, Datuk Seri Chiau Beng Teik (8.16%) and Peh Lian Hwa (3.60%).
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