KUALA LUMPUR: Trading in the shares of PUTRAJAYA PERDANA BHD [] will be suspended on Nov 8 after Javace Sdn Bhd and Sheikh Tarek Essam Ahmad Obaid secured 90.52% of the shares.
The company said on Thursday, Oct 28 that as at the closing date on Wednesday, the joint offerors had received valid acceptances totaling 126.75 million shares or 90.52%. Another 5.19% have yet to be verified.
Putrajaya Perdana said, Javace ???does not intend to maintain the listing status of in the event it holds 90% or more of the issued and paid up share capital of the company???.
Javace had offered RM4.85 cash for each of the shares in the corporate exercise to take over Putrajaya Perdana.
???The shares of the company will be suspended from trading upon the expiry of five market days from the date of this announcement, that is on Nov 8, and Javace will procure Putrajaya Perdana to take the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements,??? it said.
The company said on Thursday, Oct 28 that as at the closing date on Wednesday, the joint offerors had received valid acceptances totaling 126.75 million shares or 90.52%. Another 5.19% have yet to be verified.
Putrajaya Perdana said, Javace ???does not intend to maintain the listing status of in the event it holds 90% or more of the issued and paid up share capital of the company???.
Javace had offered RM4.85 cash for each of the shares in the corporate exercise to take over Putrajaya Perdana.
???The shares of the company will be suspended from trading upon the expiry of five market days from the date of this announcement, that is on Nov 8, and Javace will procure Putrajaya Perdana to take the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements,??? it said.
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