GDA to compulsorily acquire remaining MAHB shares at RM11 apiece

KUALA LUMPUR: Gateway Development Alliance Sdn Bhd (GDA) has proposed to compulsorily acquire all of the Malaysia Airports Holdings Bhd (MAHB) shares from dissenting shareholders at RM11 per share.

AmInvestment Bank Bhd, on behalf of the joint offerors (GDA), told Bursa Malaysia today that the exercise is pursuance of the provision of Section 222 of the Capital Markets and Services Act (CMSA).