GDA extends deadline again in MAHB offer


This is the second extension, following the first which was from the closing period of Jan 8 to Jan 17.

PETALING JAYA: Gateway Development Alliance Sdn Bhd (GDA), the Khazanah Nasional Bhd-led group that is looking to de-list Malaysia Airports Holdings Bhd (MAHB), has again extended the deadline for the acceptance of its share purchase offer to 5pm on Jan 24.

This is the second extension, following the first which was from the closing period of Jan 8 to Jan 17.

The other joint offerors of the deal are Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd, which is owned by Blackrock Inc.

GDA said its purchasing offer price of RM11 per MAHB share has effectively garnered an 86.18% acceptance rate as of 5pm yesterday, although it was still below the conditional 90% rate that was stipulated in the deal.

The acceptance rate included the 0.41% of shares that have been transferred to GDA and its associates but are pending receipts of the acceptance documents.

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