Hong Leong Asia units extend deadline for acceptances of Tasek offer

This is the second time they made an extension, which was originally set on 23 June.

Hong Leong Asia’s subsidiaries HL Cement (Malaysia) and Ridge Star have extended the deadline of receiving acceptances in regards to the proposal to acquire all remaining shares in cement manufacturer Tasek from 17 July to 3 August, an SGX filing revealed.

This is the second time they made an extension, which was originally set on 23 June. Hong Leong offered to acquire the remaining ordinary shares and preference shares in Tasek after it raised its stake in the latter to 92.42%.

The latest move follows after Ridge Star acquired another 22,400 Tasek ordinary shares for $42,267.93, bringing its stake in the firm to 96.59%.

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