KUALA LUMPUR: MTD ACPI ENGINEERING BHD [] has received a notice of an unconditional takeover offer for the remaining 49.23% stake at 53 sen per offer share from Alloy Consolidated Sdn Bhd and two other companies.
The company said on Monday, Jan 24 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'.
Alloy Consolidated, Alloy Concrete Engineering Sdn'' Bhd and Alloy Capital Sdn Bhd and parties acting in concert held 117.278 million ACPI shares or 50.77% (excluding the 637,000 treasury shares).
Following the latest corporate development, they made the unconditional takeover offer for the remaining offer shares comprised of 113.717 million ACPI shares, or 49.23%.
The company said on Monday, Jan 24 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'.
Alloy Consolidated, Alloy Concrete Engineering Sdn'' Bhd and Alloy Capital Sdn Bhd and parties acting in concert held 117.278 million ACPI shares or 50.77% (excluding the 637,000 treasury shares).
Following the latest corporate development, they made the unconditional takeover offer for the remaining offer shares comprised of 113.717 million ACPI shares, or 49.23%.
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