Whitmore acquires 557,400 MKH shares at RM1.96 each during takeover offer period

PETALING JAYA (July 18): Whitmore Holdings Sdn Bhd (Whitmore) has acquired 557,400 shares in MKH Bhd at RM1.96 apiece via the open market, according to separate Bursa Malaysia filings by MKH and Batu Kawan Bhd on Friday.

The acquisition, completed on Thursday (July 16), was disclosed under Paragraph 19.05 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions, which requires disclosure of dealings in relevant securities during an offer period.

Both companies said Whitmore acquired the shares at RM1.96 each. Batu Kawan's filing specified that the purchase was made via the open market, while MKH's announcement described the transaction as an acquisition.

The filings refer to earlier announcements dated May 20 and May 28 relating to the press notice on the takeover offer. Batu Kawan also referred to subsequent announcements dated June 9, June 15 and July 15 in relation to the proposals.

..........

Read about emerging trends, data-backed insights, growing subsectors, and expert commentaries in EdgeProp print. Subscribe now for your free copy!