PETALING JAYA: Gan Kok Xan and persons acting in concert only managed to increase their stake in Pineapple Resources Bhd
by 7.56% to 71.42% at the close of the unconditional mandatory takeover offer on Friday, June 5.
In a filing with Bursa Malaysia, Pineapple Resources noted the 84 sen a share offer was accepted by Pineapple Resources shareholders holding 3.67 million of the company's shares.
Gan and Yeoh Guan Fook had acquired 63.86% of Pineapple Resources from Chuan Huat Resources Bhd in late April at the same price, leading to the tabling of the mandatory offer.
Gan intends to keep the company listed on the ACE Market of Bursa Malaysia.
