KUALA LUMPUR (March 22): Halex Holdings Bhd has received a conditional mandatory general offer from Waras Dinamik Sdn Bhd and Datuk Ong Soon Ho to acquire all the remaining ordinary shares in Halex not held by them at 64 sen per share in cash. The offer price is 4.5% below today’s closing of 67 sen. The MGO came after Waras Dinamik acquired an additional 26.12 million Halex shares or a 24.56% stake through direct business transactions at the price between 60 sen and 62 sen today, following which Waras Dinamik’s shareholding in Halex rose to 39.16%. As at March 22, Ong, being one of the joint ultimate offerors, holds 4.84 million or a 4.57% equity interest in Halex. The collective shareholdings of the offeror and Ong in Halex is 46.34 million shares, representing approximately 43.73%.

Source: The Edge Markets March 22, 2017 13:07 UTC