PETALING JAYA: DKSH Holding Ltd (DKSH), through its wholly owned unit DKSH Resources (M) Sdn Bhd (DKSH Resources), 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, which entails cancelling the shares held by minority shareholders in exchange for a cash repayment of RM6.15 per share.
Additionally, 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 48.7 million Swiss franc for DKSH.
Listed since 1994, DHMB currently carries a market capitalisation of RM830.9mil.
