KUALA LUMPUR (May 23): Wing Tai Malaysia Bhd (WTM) has received a voluntary take-over offer from Wing Tai Holdings Ltd (WTH) and Wing Tai Investment & Development Pte Ltd (WTID) for a cash offer of RM1.80 per share.

WTH and WTID directly hold 222.37 million and 91.94 million WTM shares respectively, representing a total of 66.13% of the voting shares of WTM.

In a flling to Bursa Malaysia today, WTM said the joint offerors do not intend to to maintain its listing status. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
Convenient and integrated living in sync with nature

With a gross development value of more than RM30 billion over 1,800 acres of land, Sunway Iskandar is one of the largest township projects in the country and comprises six precincts – The Lakeview, The Parkview, The Riverside, The Marketplace, The Seafront and The Capital. Each precinct is designed to be self-sustainable while offering a wide range of amenities.

read more
RELATED POSTS
  1. Ivory Properties’ unit under receivership after default
  2. Trading in SkyWorld securities to be halted on Tuesday pending material announcement
  3. Malaysian companies to start complying with sustainability reporting framework in phases from 2025, says SC