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NewsMBM Resources says it owns 92% of Hirotako shares
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MBM Resources says it owns 92% of Hirotako shares
by hlk Wed 21 Dec 2011, 08:01
PETALING JAYA: MBM Resources Bhd holds 92.12% of the issued and paid-up share capital (excluding treasury shares) of Hirotako Holdings Bhd (HHB).
HHB told Bursa Malaysia
that as more than 90% of the company’s listed shares were held by MBM,
which does not intend to maintain the listing status of HHB, trading in
HHB shares and warrants would be suspended upon the expiry of five
market days from yesterday.
In addition, MBM will proceed to
compulsorily acquire any remaining HHB shares for which valid
acceptances have not been received within two months.
MBMR’s offer shall remain open for acceptances up to 5pm on Jan 3, 2012.
MBMR is offering 97 sen per share in Hirotako and 5 sen per warrant.
HHB told Bursa Malaysia
that as more than 90% of the company’s listed shares were held by MBM,
which does not intend to maintain the listing status of HHB, trading in
HHB shares and warrants would be suspended upon the expiry of five
market days from yesterday.
In addition, MBM will proceed to
compulsorily acquire any remaining HHB shares for which valid
acceptances have not been received within two months.
MBMR’s offer shall remain open for acceptances up to 5pm on Jan 3, 2012.
MBMR is offering 97 sen per share in Hirotako and 5 sen per warrant.
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