GDA revises acceptance condition in MAHB bid


PETALING JAYA: Gateway Development Alliance Sdn Bhd (GDA), a Khazanah Nasional Bhd-led consortium, has revised the acceptance condition for its takeover offer for Malaysia Airports Holdings Bhd (MAHB), lowering it from 90% to 85% to trigger index fund acceptance and expedite the completion of the takeover.

The consortium has also extended the closing date of the offer from Jan 24 to Feb 4, 2025.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAHB , takeover , privatisation , Khazanah , EPF , airport , travel , tourism , airline

Next In Business News

Sentral REIT appoints Tay Hui Ling as CEO
Mega First to acquire 12.5% stake in Stenta Films for RM33.10mil
DXN inks MoU with Apex-Brasil to explore Brazil, eyes US$50mil investments
F&N to focus on innovation, diversification and transformation
Mulpha International invests US$20mil in Hong Kong's Sun Hung Kai bond programme
Ringgit breaches 4.04 level against US dollar after OPR maintained at 2.75%
Capital A’s Teleport to raise US$50mil via perpetual securities
Apex Healthcare to be delisted on Jan 27
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition

Others Also Read