KUALA LUMPUR: The privatisation of DKSH Holdings (M) Bhd
(DKSH Malaysia) via a selective capital reduction (SCR) has fallen through after shareholders rejected the plan at an extraordinary general meeting (EGM) today.
In December 2025, DKSH Holding Ltd, through its wholly owned unit DKSH Resources (M) Sdn Bhd, submitted an offer to acquire the remaining 25.7% stake it does not own in DKSH Malaysia, with plans to delist the company from Bursa Malaysia.
In a filing with Bursa Malaysia, DKSH Malaysia said the special resolution required for the SCR failed to secure the necessary shareholder backing at the EGM.
Based on poll results, 66.23% of shareholders in number and 87.47% in value voted against the resolution.
In addition, 38.8% of the votes attached to the shares held by the disinterested shareholders of the total voting shares of DKSH Malaysia voted against the special resolution.
Therefore, the special resolution was not carried.
The resolution required approval from a majority in number of disinterested shareholders representing at least 75% in value of votes cast, while not exceeding a 10% opposition limit.
