Section Heading
Section Heading
Take-Overs & Mergers (Paragraph/Rule 9.19 (47A))
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY") - CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY GATEWAY DEVELOPMENT ALLIANCE SDN BHD ("GDA"), PANTAI PANORAMA SDN BHD ("PPSB"), KWASA AKTIF SDN BHD ("KASB") AND GIP AUREA PTE LTD ("GIP AUREA") (COLLECTIVELY, THE "JOINT OFFERORS") TO ACQUIRE, THROUGH GDA, ALL THE REMAINING ORDINARY SHARES IN MAHB NOT ALREADY HELD BY THE JOINT OFFERORS ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM11.00 PER OFFER SHARE ("OFFER") |
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We refer to the offer document dated 6 December 2024 which contains the details of the Offer ("Offer Document") as well as the press notice dated 20 January 2025 in relation to the revision in the Acceptance Condition. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Offer Document. We wish to announce that the Company had on 24 January 2025, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the level of acceptances of the Offer as at 5:00 p.m. (Malaysian time) on Friday, 24 January 2025. Notwithstanding the acceptance levels stated in the attached press release, as set out in the press notice dated 20 January 2025 in relation to the revision in the Acceptance Condition, the Joint Offerors and the Joint Ultimate Offerors will only determine if the Offer has become unconditional, and make the necessary announcement after 5:00 p.m. (Malaysian time) on Tuesday, 28 January 2025. The Offer will remain open for acceptances until 5:00 p.m. (Malaysian time) on Tuesday, 4 February 2025. Should the Offer become unconditional, pursuant to subparagraph 12.01(3)(c) of the Rules, the Joint Offerors shall keep the Offer open for acceptances for at least 14 days from the unconditional date, which in any event, shall not be later than the 74th day from the Posting Date. The Joint Offerors and the Joint Ultimate Offerors do not intend to maintain the listing status of the Offeree on the Main Market of Bursa Securities. In view of the stated intention above, should the Offer become unconditional and the Joint Offerors and the Joint Ultimate Offerors collectively hold more than 90% of MAHB Shares, Bursa Securities will suspend the trading of the securities of MAHB immediately upon the expiry of five (5) Market Days from the closing date of the Offer. Thereafter, the Joint Offerors and the Joint Ultimate Offerors will procure MAHB to take all necessary steps and procedures to withdraw its listing status from the Official List in accordance with the Listing Requirements. This announcement is dated 24 January 2025. Please refer attachment below. |
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Announcement Info
| Company Name | MALAYSIA AIRPORTS HOLDINGS BERHAD |
| Stock Name | AIRPORT |
| Date Announced | 24 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24012025-00070 |
Attachments
- Press_Release_-_Acceptance_Level_24_Jan_25_20250124.pdf (Size: 835,256 bytes)