KUALA LUMPUR: DKSH Holding Ltd, through its wholly owned unit DKSH Resources (M) Sdn Bhd, has submitted an offer to acquire the remaining 25.7% stake it does not own in DKSH Holdings (M) Bhd
(DHMB), with plans to delist the company from Bursa Malaysia.
In a statement, the Switzerland-based group said the proposed exercise will be undertaken via a selective capital reduction (SCR), which entails cancelling the shares held by minority shareholders in exchange for a cash repayment of RM6.15 per share.
The offer represents a 16.7% premium to DHMB’s closing price of RM5.27 on Dec 8, prior to its trading suspension.
It said the capital repayment of the outstanding shares would result in a total cash outlay of approximately CHF 48.7 million for DKSH.
Listed since 1994, DHMB currently carries a market capitalisation of RM830.9mil.
“As part of DKSH’s ongoing efforts to simplify company structures, DKSH plans to subsequently delist DHMB from Bursa Malaysia.
“The planned take-private of DHMB will have no implications on current operations or DKSH’s long-term commitment to Malaysia,” it said.
The proposal is subject to DHMB’s board agreeing to table it to minority shareholders, their subsequent approval, and a High Court order for the SCR. The transaction is expected to be completed by the second or third quarter of 2026.
