PETALING JAYA: Magna Prima Bhd
’s (MPB) mandatory take over offer by Hallson Holdings Sdn Bhd to acquire all the remaining unowned shares by the offeror and the persons acting in concert (PAC) has become unconditional .
The offer is for the remaining unowned shares for a cash consideration of 73 sen per share.
Amlnvestment Bank said that as of Oct 23, the offeror, joint ultimate offerors and the PACs now hold an aggregate of more than 50% of the voting shares in MPB, the company said in a filing with Bursa Malaysia. “Accordingly, the acceptance condition is met and the offer has become unconditional on Oct 23,” it said.
Shareholders are advised to carefully consider the independent advice circular dated Oct 21, 2025 before making any decision, the company said.
“Shareholders also do not need to take any action if they have already sold their offer shares or have already accepted the offer.
“Shareholders do not need to take any action if they decide not to accept the offer,” it added.
