KUALA LUMPUR: Amcorp Group Bhd's unit Mezzanine Capital Sdn Bhd has served a notice of conditional voluntary take-over of MCM TECHNOLOGIES BHD [] to acquire the remaining 37.5% stake at 13 sen per share.
Mezzanine Capital, which owns 62.5% or 199.74 million shares in MCM Tech, had on Friday, Sept 24 said it'' does not intend to maintain the'' listing status if it holds more than 75% of the shares.
MCM Tech said the board had deliberated on the notice and 'does not intend to seek an alternative person to make a take-over offer for the offer shares'.
In accordance with the Malaysian Code on Take-overs and Mergers 1998, the board appointed Hong Leong Investment Bank Bhd as the independent adviser to advice the independent directors and holders of MCM Tech shares on the reasonableness of the offer. The appointment of Hong Leong Investment Bank is subject to the approval of the Securities Commission.
Mezzanine Capital, which owns 62.5% or 199.74 million shares in MCM Tech, had on Friday, Sept 24 said it'' does not intend to maintain the'' listing status if it holds more than 75% of the shares.
MCM Tech said the board had deliberated on the notice and 'does not intend to seek an alternative person to make a take-over offer for the offer shares'.
In accordance with the Malaysian Code on Take-overs and Mergers 1998, the board appointed Hong Leong Investment Bank Bhd as the independent adviser to advice the independent directors and holders of MCM Tech shares on the reasonableness of the offer. The appointment of Hong Leong Investment Bank is subject to the approval of the Securities Commission.
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