Anzo MD makes MTO for Oversea Enterprise

According to a Bursa Malaysia filing, Chai had acquired 73.04 million shares or 30.12% from Oversea founder Yu Soo Chye @ Yee Soo Chye for RM21.91mil, 50.89 million shares or 20.99% from Lee Lim & Sons Sdn Bhd for RM15.27mil and 20.46 million shares or 8.44% from Yu Tack Teik for RM6.13mil.

PETALING JAYA: Anzo Holdings Bhd managing director Datuk Chai Woon Chet has made an unconditional mandatory takeover offer (MTO) to acquire the remaining shares of Chinese cuisine restaurant operator Oversea Enterprise Bhd for 30 sen per share.

The takeover offer follows Chai’s acquisition of 151.25 million shares for RM45.37mil or 30 sen apiece from four parties, resulting in 62.37% equity ownership in Oversea.