Batu Kawan makes mandatory takeover offer for CCM shares

Batu Kawan said: “Batu Kawan has no immediate plans to dismiss or make redundant the employees of the CCM group as a direct consequence of the offer. “Nevertheless, as with any organisation, Batu Kawan may from time to time review the human resources requirements of CCM to improve the efficiency of its operations and businesses and/or to optimise staff productivity of the CCM group.”

PETALING JAYA: Batu Kawan Bhd has issued an offer document for the unconditional mandatory takeover offer for all shares in Chemical Co of Malaysia Bhd (CCM) that it does not own.

In a filing with Bursa Malaysia, Batu Kawan said the offer, which will be at RM3.10 per share, would be open for acceptances until 5pm on Jan 18,2021, unless extended or revised according to the Rules on Take-overs, Mergers and Compulsory Acquisitions.