Singapore billionaire, Peter Lim has launched a mandatory general offer (MGO) of TMC Life Sciences Bhd for the remaining 40.76 per cent he does not own in the company at 48 sen per share and eight sen a warrant.
TMC Life told Bursa Malaysia yesterday it received a mandatory takeover notice from Lim and his wholly-owned companies Sasteria (M) Pte Ltd (SAS Malaysia) and Gilberta Investments Ltd.
The MGO was made after Sasteria (M) Pte Ltd (SAS Malaysia) bought 213.84 million shares, or 26.64 per cent stake, for RM102.64 million.
“The acquisition was effected via direct business transaction with Juara Sejati Sdn Bhd, B.L. Capital Sdn Bhd, Selat Makmur Sdn Bhd, Teras Mewah Sdn Bhd and Inter-Pacific Capital Sdn Bhd,” TMC Life said.
The company added that Gilberta Investments Ltd, which acted in concert with SAS Malaysia for the purpose of the offer, holds 261.46 million TMC Life shares, or 32.59 per cent, and 130.73 million three-year 2011/2014 issued TMC Life warrant shares, or 32.59 per cent, of the total outstanding warrants.
TMC Life said the board will hold an emergency meeting to deliberate the offer and an announcement will be made in due course.
The offer shall remain open for acceptances until 5pm, not less than 21 days from the date of notice (August 20).
Lim intends to maintain the listing status of TMC Life on the Main Market of Bursa Malaysia after the completion of the takeover.
TMC Life share price closed unchanged at 46.5 sen, while its warrants shed 0.5 sen to close at 0.7 sen yesterday.
没有评论:
发表评论