KUALA LUMPUR: The conditional takeover offer by Teoh Hwa Peng and parties acting in concert for MESB BHD [] shares at 33 sen each, received acceptances of only 3.15%.
Hwang DBS Investment Bank, which was acting on behalf of the offerors, said at the final closing date of the offer on Tuesday, Jan 25, they held 50.09% or 21.037 million shares.
Of the shareholders holding 3.15% shares which had agreed to the offer, 0.47% had been verified as valid acceptances while 2.68% had been acquired or agreed to be acquired.
To recap, at the posting date of the offer document on Dec 17, 2010, the offerors held 46.94% or 19.71 million shares.
Hwang DBS Investment Bank, which was acting on behalf of the offerors, said at the final closing date of the offer on Tuesday, Jan 25, they held 50.09% or 21.037 million shares.
Of the shareholders holding 3.15% shares which had agreed to the offer, 0.47% had been verified as valid acceptances while 2.68% had been acquired or agreed to be acquired.
To recap, at the posting date of the offer document on Dec 17, 2010, the offerors held 46.94% or 19.71 million shares.
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