Two Lotus KFM officials launch takeover for MESB

According to MESB's website, it trades in leather products through its subsidiary of Miroza Leather (M) Sdn Bhd.

KUALA LUMPUR: Two officials of Lotus KFM Bhd Wong Sak Kuan and Yau Ming Teck have launched a mandatory takeover offer for the remaining shares of MESB Bhd after they raised their combined stake to 44.14%.

They are offering 31.5 sen per MESB share and 1.5 sen per warrant, according to a filing to Bursa Malaysia on Monday. Wong is the vice chairman of Lotus KFM. Yau is a director of HLT GLobal Bhd and UMS-Neiken Group Bhd and he is also a director and substantial shareholder of Lotus-KFM.