PETALNG JAYA: The acceptance condition to take Ipoh-based Hovid Bhd private has once again been revised down. Ho is a major shareholder and prime mover of Hovid, a manufacturer of phamaceutical products. Together with Fajar Astoria, they have proposed to take buy out the Hovid shares at 38 sen each. So far they have received acceptance of up to 62.32% of the shares and 76.68% of the warrants. When the offer was first made in October, the acceptance condition was set at 90%.

Source: The Star December 14, 2017 12:56 UTC