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KUALA LUMPIUR: Ewein Bhd
has received a mandatory takeover offer to acquire all the remaining ordinary shares from NationGate Holdings Bhd managing director Ooi Eng Leong for a cash offer price 60 sen.
In a filing with Bursa Malaysia, Ewein said Ooi had acquired 120.59 million shares, or 39.99% stake in Ewein for RM72.35mil from Hijauwasa Sdn Bhd.
Prior to the acquisition, Ooi held 3.84% stake in the company. The acquisition raised his shareholding to 43.82%. Datuk Seri Hong Yean Wah and Goh Kiang Teng, who are the parties acting in concert (PAC) hold 6.77% stake in Ewein.
Collectively, Ooi and his PACs hold 152.57 million shares, or 50.59% stake in Ewein.
On behalf of Ooi, AmInvestment Bank Bhd said the mandatory takeover offer presents an opportunity for the remaining shareholders of Ewein to sell their shares at the specified offer price.
It said the offer is being made to each of the holders of the offer shares for all his offer shares subject to the terms and conditions of the offer.
AmInvestment said the 60 sen per share offer would be satisfied wholly in cash.
Ewein closed down 1.5 sen, or 2.08% at 70.5 sen. Year-to-date, the counter has risen some 101%.
Meanwhile, Ewein noted that the offerers intend to maintain the listing status of Ewein on the Main Market of Bursa Malaysia.
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