FGV's Cash Offer For Asian Plantations Becomes Unconditional
KUALA LUMPUR, Oct 14 (Bernama) -- Felda Global Ventures Holdings
Bhd's (FGV) voluntary conditional cash offer for Asian Plantations Ltd
has become unconditional after it acquired 43.91 million shares or 93.9
per cent of shares in the latter.
In a filing to Bursa Malaysia Tuesday, FGV said it also received valid acceptances of 3.79 million shares.
"Since FGV has acquired or agreed to acquire a total of 75 per cent of the voting rights attached to the shares in issue, FGV intends to seek the cancellation of admission to trading of the depository interest on Alternative Investment Market," it said.
In August, FGV made an offer to Asian Plantations for 2.20 per share, which will be fully funded by cash.
-- BERNAMA
In a filing to Bursa Malaysia Tuesday, FGV said it also received valid acceptances of 3.79 million shares.
"Since FGV has acquired or agreed to acquire a total of 75 per cent of the voting rights attached to the shares in issue, FGV intends to seek the cancellation of admission to trading of the depository interest on Alternative Investment Market," it said.
In August, FGV made an offer to Asian Plantations for 2.20 per share, which will be fully funded by cash.
-- BERNAMA
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