— MUHAMAD SHAHRIL ROSLI/The Star
PETALING JAYA: Gateway Development Alliance Sdn Bhd (GDA) has announced that its takeover offer of Malaysia Airports Holdings Bhd
(MAHB) has garnered an effective 84.12% holdings as of 5 PM today.
That was the original time frame the consortium - together with associates Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd - gave themselves to achieve a 90% acceptance rate, a condition of the voluntary offer.
GDA and MAHB announced earlier in the week an extension of the timeline to 5 PM on Jan 17 for the Khazanah Nasional Bhd-led group, which also includes the Employees Provident Fund, to fulfill the condition.
In another filing to Bursa Malaysia, GDA said the total percentage of shares held by itself and its associates are at 83.04%, with another 1.09% of shares having been transferred to the purchasing group but are pending receipt of acceptance documents.
GDA is offering a price of RM11 per share, sparking debates on whether shareholders of airport managing entity MAHB should accept the deal, with observers throwing up differing opinions.
