KUALA LUMPUR: Southern Score Builders Bhd
(SSBB) has launched an unconditional mandatory take-over offer to acquire all remaining shares in Nova Pharma Solutions Bhd following its acquisition of a 33.001% equity stake in the company.
In a filing with Bursa Malaysia, SSBB said it had on Dec 22, 2025 entered into a share sale agreement to acquire 49.17 million shares in Nova Pharma Solutions Berhad from major shareholder and chief executive officer Khoo Boo Wie for RM18.19mil, or 37 sen per share. The acquisition has been completed.
Following the acquisition, SSBB is required to extend a mandatory takeover offer to acquire all remaining Nova Pharma shares not already held by it and persons acting in concert, at the same offer price of 37 sen per share.
The offer is unconditional and is not subject to any minimum level of acceptances.
“The proposed acquisition is expected to create operational and technical synergies through the integration of SSBB’s large-scale construction and project management capabilities with the Nova Pharma Group’s specialised engineering and compliance know-how,” SSBB said.
It added that the move would also broaden its customer base and strengthen its long-term earnings prospects.
“With this broader customer reach, coupled with the ability to deliver complex, high-value projects, is anticipated to strengthen SSBB’s market position and contribute positively to its long-term earnings.”
Barring any unforeseen circumstances, the proposed offer is expected to be completed in the first quarter of 2026.
