PETALING JAYA: Scanwolf Corp Bhd
has received a conditional mandatory takeover offer from Maybank Investment Bank Bhd (Maybank IB) on behalf of Mighty Alliance Sdn Bhd.
Mighty Alliance is offering to acquire all the remaining shares of Scanwolf that are not already owned by the offeror and persons acting in concert with them for a cash consideration of 54 sen per share.
The takeover party is also offering a cash consideration of 18 sen per offer irredeemable convertible unsecured loan stocks and a cash consideration of 24 sen per offer warrant that is not owned by the offeror.
The company intends to maintain the listing status of Scanwolf on the Main Market of Bursa Malaysia and does not intend to invoke the compulsory acquisition provisions under the Capital Markets and Services Act 2007.
The main offerors are Seah Ley Hong, Datuk Seri Wong Sze Chien, Datuk Seri Azlan Azmi and Datuk Seri Andrew Lim Eng Guan.
The takeover party presently owns 34.38% of Scanwolf’s shares, according to a document by Maybank IB.
