Wing Tai gets take-over offer at RM1.80 a share

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

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