KUALA LUMPUR: NV Multi Corp Bhd's board has accepted the conditional takeover offer at 78 sen a share or approximately RM295 million from Mutual Tactic Sdn. Bhd. Trading will resume on Thursday and its pre-suspension price was 64 sen.
It said on Wednesday, Oct 13 that the board appointed HwangDBS as principal adviser of NV Multi in relation to the offer and engaged Affin Investment Bank Bhd as independent adviser to the non-interested directors and shareholders of NV Multi on the fairness and reasonableness of the offer.
Last Friday, Oct 8, NV Multi managing director Datuk Kong Hon Kong and his son, Kong Yew Foong and parties acting in concert offered to acquire the 378.34 million shares of the bereavement care company for about RM295 million. This included its entire business and undertakings, including assets and liabilities.
The offer price would be satisfied by about RM212 million cash and about RM83 million as the amount remaining owing by Mutual Tactic to NV Multi. The cash portion would be adjusted to ensure all entitled shareholders of NV Multi, except for certain shareholders.
Kong and his son, who is the executive director of NV Multi, are also directors of Mutual Tactic, which has a paid-up of RM2. The other directors of Mutual Tactic are Ng Teck Wah and Lim Chih Li @ Lin Zhili.
Mutual Tactic is a unit of Peace Ventures Ltd, which is incorporated in The Cayman Islands.
It said on Wednesday, Oct 13 that the board appointed HwangDBS as principal adviser of NV Multi in relation to the offer and engaged Affin Investment Bank Bhd as independent adviser to the non-interested directors and shareholders of NV Multi on the fairness and reasonableness of the offer.
Last Friday, Oct 8, NV Multi managing director Datuk Kong Hon Kong and his son, Kong Yew Foong and parties acting in concert offered to acquire the 378.34 million shares of the bereavement care company for about RM295 million. This included its entire business and undertakings, including assets and liabilities.
The offer price would be satisfied by about RM212 million cash and about RM83 million as the amount remaining owing by Mutual Tactic to NV Multi. The cash portion would be adjusted to ensure all entitled shareholders of NV Multi, except for certain shareholders.
Kong and his son, who is the executive director of NV Multi, are also directors of Mutual Tactic, which has a paid-up of RM2. The other directors of Mutual Tactic are Ng Teck Wah and Lim Chih Li @ Lin Zhili.
Mutual Tactic is a unit of Peace Ventures Ltd, which is incorporated in The Cayman Islands.
No comments:
Post a Comment