Anzo MD Chai Woon Chet takes 63% stake in Oversea Enterprise

Datuk Chai Woon Chet has made an unconditional mandatory takeover offer (MTO) for restaurant owner Oversea Enterprise Bhd after acquiring 63.37% of the company.

KUALA LUMPUR: Anzo Holdings Bhd managing director Datuk Chai Woon Chet has made an unconditional mandatory takeover offer (MTO) for restaurant owner Oversea Enterprise Bhd after acquiring 63.37% of the company.

In the notice of the takeover offer issued to Oversea board on Thursday, Chai had entered into a sale and purchases of shares agreement with four parties to buy the stake, comprising 151.25 million shares, for RM45.37mil or 30 sen a share.