KUALA LUMPUR: PLUS EXPRESSWAYS BHD []'s board has agreed to extend the deadline for it to receive''takeover bids to Jan 10, 2011 following requests from minority shareholders at the company's extraordinary general meeting (EGM) today.
At its''EGM on Thursday, Dec 23,''PLUS Expressways' shareholders also voted in favour of adjourning the meeting to a later date.
PLUS Expressways had earlier set the deadline at 5pm on Thursday, Dec 23 ''for all interested offers and stipulated a list of minimum disclosures.
Also due on Jan 10 is the required RM50 million cash deposit for all keen bidders to confirm their offer.
The extension gives more time for PLUS Expressways' board to consider the latest bid from little known Jelas Ulung Sdn Bhd, who had on Monday offered RM26 billion or RM5.20 per share for the toll concessionaire's business and undertakings.
PLUS Expressways' board had in November accepted a RM23 billion offer or RM4.60 per share from UEM Group Bhd and the Employees Provident Fund (EPF).
At 1pm, PLUS Expressways shares gained three sen to RM4.65.
At its''EGM on Thursday, Dec 23,''PLUS Expressways' shareholders also voted in favour of adjourning the meeting to a later date.
PLUS Expressways had earlier set the deadline at 5pm on Thursday, Dec 23 ''for all interested offers and stipulated a list of minimum disclosures.
Also due on Jan 10 is the required RM50 million cash deposit for all keen bidders to confirm their offer.
The extension gives more time for PLUS Expressways' board to consider the latest bid from little known Jelas Ulung Sdn Bhd, who had on Monday offered RM26 billion or RM5.20 per share for the toll concessionaire's business and undertakings.
PLUS Expressways' board had in November accepted a RM23 billion offer or RM4.60 per share from UEM Group Bhd and the Employees Provident Fund (EPF).
At 1pm, PLUS Expressways shares gained three sen to RM4.65.
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