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NewsRobert Tan sells entire 14.3% stake in Malaysia Aica
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Robert Tan sells entire 14.3% stake in Malaysia Aica
by hlk Thu 06 Feb 2014, 18:47
KUALA LUMPUR: Tan Sri Robert Tan Hua Choon has ceased to be a shareholder in Malaysia Aica Bhd (MAica) after he disposed of his entire 14.3% stake following a takeover offer by TER Equity Sdn Bhd.
A filing with Bursa Malaysia on Thursday showed he sold the stake, comprising of 22.64 million shares on Jan 27 in a direct business transaction.
TER Equity and Datuk Ter Leong Yap had made a joint offer to takeover MAica at 85 sen a share.
After the acquisition, Ter’s total stake was 50.11%. His direct stake was 21.3% or 33.72 million shares while his indirect stake, via TER Equity, was 28.81% or 45.62 million shares.
Tan, who is the chairman of Jasa Kita Bhd with a 31.89% stake, is also the chairman of PDZ Holdings Bhd in which he owns 19.13%.
In a separate filing, Tan Ching Ching has also ceased to be a shareholder of MAica after disposing of 10.24 million shares or 6.47% stake in the group
A filing with Bursa Malaysia on Thursday showed he sold the stake, comprising of 22.64 million shares on Jan 27 in a direct business transaction.
TER Equity and Datuk Ter Leong Yap had made a joint offer to takeover MAica at 85 sen a share.
After the acquisition, Ter’s total stake was 50.11%. His direct stake was 21.3% or 33.72 million shares while his indirect stake, via TER Equity, was 28.81% or 45.62 million shares.
Tan, who is the chairman of Jasa Kita Bhd with a 31.89% stake, is also the chairman of PDZ Holdings Bhd in which he owns 19.13%.
In a separate filing, Tan Ching Ching has also ceased to be a shareholder of MAica after disposing of 10.24 million shares or 6.47% stake in the group
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