It aims to acquire the remaining shares in the cement manufacturer.
Hong Leong Asia has announced that the closing time and date for acceptances of the voluntary takeover offer for Malaysia-based cement manufacturer Tasek has been extended from 5:00 pm (MYT) on 23 June to 5:00 pm (MYT) on 17 July, an SGX filing revealed.
Hong Leong offered to acquire the remaining ordinary shares and preference shares in Tasek. This follows after the firm bought shares for $57,823, increasing its stake in the cement manufacturer to 92.42%.
Further, Hong Leong’s subsidiary Ridge Star Limited (RSL) has acquired another 22,400 Tasek ordinary shares for $42,267.93, bringing its stake in the firm to 96.59%. The sale shares were bought at $1.89 (RM5.79) apiece.
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