PETALING JAYA: Gateway Development Alliance Sdn Bhd (GDA), the consortium of three entities offering to take Malaysia Airports Holdings Bhd
(MAHB) private, has announced that it now holds approximately 1.58 billion shares representing 94.47% of the total number of issued shares in the airport operator.
With the acceptance condition satisfied, UEM Group Bhd, on behalf of GDA, said in a statement that the offer was now unconditional and the consortium had achieved the thresholds necessary to de-list and acquire 100% of MAHB shares.
“GDA will shortly pay shareholders the offer price of RM11 in exchange for each share they have tendered into the offer.
“The offer will now remain open until Feb 12, 2025 and shareholders have until 5pm on this date to accept the offer for any shares they have yet to tender. There will be no further extension of the offer period.”
UEM said GDA will now take the necessary steps to de-list MAHB from the Official List of Bursa Malaysia and the last day that MAHB shares will trade publicly will be Feb 19, 2025.
“In addition, GDA will also take the necessary steps to compulsorily acquire all the remaining shares in MAHB that it does not own after the final close of the offer period in accordance with Section 222 of the Capital Markets and Services Act 2007.
“The consortium looks forward to working closely with MAHB to realise MAHB’s potential to become a world-class airport operator that is competitive, efficient, commercial and service focused.”
UEM said GDA recognises that MAHB needs investment in its infrastructure and improvements in its operations to provide better services and support expansion.
