KUALA LUMPUR (March 2): Permodalan Nasional Bhd (PNB) and S P Setia president and CEO Tan Sri Liew Kee Sin’s conditional takeover of the property company has become unconditional as they collectively hold 51.52% of the shares.
S P Setia said on Friday the joint offerors and parties acting in concert collectively hold 976.72 million shares or 51.24% as at March 2.
“The offer will remain open for acceptances until 5pm on Monday, March 19, unless otherwise extended by the joint offerors,” it said.
PNB and Liew had made a cash offer price of RM3.95 per share and 96 sen per warrant.
S P Setia said on Friday the joint offerors and parties acting in concert collectively hold 976.72 million shares or 51.24% as at March 2.
“The offer will remain open for acceptances until 5pm on Monday, March 19, unless otherwise extended by the joint offerors,” it said.
PNB and Liew had made a cash offer price of RM3.95 per share and 96 sen per warrant.
