KUALA LUMPUR:PLUS EXPRESSWAYS BHD [] says only the joint venture pf UEM Group Bhd and the Employees Provident Fund (EPF) has remitted the cash deposit of RM50 million in their joint offer to take over for RM23 billion offer or RM4.60 per share.
PLUS said on Monday, Jan 10 that as at 5pm, which was the final deadline, only UEM and EPF had remitted the cash deposit into an account designated by PLUS.
UEM and the EPF has also submitted a letter from their financiers with regards to UEM and EPF's financial ability to undertake and complete their proposed acquisition of PLUS' business.
Apart from UEM and the EPF, "there are no new offers received by PLUS".
On Dec 23, PLUS' board had agreed to extend the deadline for the receipt of takeover bids to Jan 10 following requests from minority shareholders at the company's EGM that day.
Jelas Ulung Sdn Bhd had offered to acquire all of PLUS' business undertakings, including assets and liabilities for RM26 billion or RM5.20 per share, which would be satisfied by cash.
PLUS said on Monday, Jan 10 that as at 5pm, which was the final deadline, only UEM and EPF had remitted the cash deposit into an account designated by PLUS.
UEM and the EPF has also submitted a letter from their financiers with regards to UEM and EPF's financial ability to undertake and complete their proposed acquisition of PLUS' business.
Apart from UEM and the EPF, "there are no new offers received by PLUS".
On Dec 23, PLUS' board had agreed to extend the deadline for the receipt of takeover bids to Jan 10 following requests from minority shareholders at the company's EGM that day.
Jelas Ulung Sdn Bhd had offered to acquire all of PLUS' business undertakings, including assets and liabilities for RM26 billion or RM5.20 per share, which would be satisfied by cash.
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