TPC Plus Bhd has received a notice of conditional take-over offer from Huat Lai Resources Bhd (HLRB) for all the remaining shares of the company not already owned by HLRB and the persons acting in concert with HLRB.
Huat Lai's offer involves up to 52,032,000 ordinary shares (offer shares) or 66.29 per cent of the issued and paid-up share capital of the company for 30 sen per offer shares (totalling RM15.61 million).
The company's Board does not intend to seek an alternative person to make a take-over offer for the offer shares, it said in a filing to Bursa Malaysia in Kuala Lumpur.
Inter-Pacific Securities Sdn Bhd has been appointed to act as the independent adviser to advise the Board and shareholders of TPC on the offer.
TPC Plus said the offer would remain until 5pm for a period of not less than 21 days from the posting date. -- BERNAMA
Huat Lai's offer involves up to 52,032,000 ordinary shares (offer shares) or 66.29 per cent of the issued and paid-up share capital of the company for 30 sen per offer shares (totalling RM15.61 million).
The company's Board does not intend to seek an alternative person to make a take-over offer for the offer shares, it said in a filing to Bursa Malaysia in Kuala Lumpur.
Inter-Pacific Securities Sdn Bhd has been appointed to act as the independent adviser to advise the Board and shareholders of TPC on the offer.
TPC Plus said the offer would remain until 5pm for a period of not less than 21 days from the posting date. -- BERNAMA
