Share
KUALA LUMPUR (Oct 6): OSK Holdings Bhd has extended its offer to the remaining shareholders of PJ Development Bhd by two weeks to Oct 25.
In a stock exchange filing by PJ Development, the privatisation exercise's adviser RHB Investment Bank Bhd said OSK Holdings owned 495.895 million or 94.62% of PJ Development's shares as at market close today.
As for PJ Development's warrants PJDEV-WC, a total of 120.198 million or 85.19% were already held by OSK Holdings.
OSK Holdings, controlled by tycoon Tan Sri Ong Leong Huat, made a fresh takeover offer for PJ Development in September at RM1.50 a share, and 50 sen for each PJDEV-WC warrant.
OSK Holdings owned more than 89% of PJ Development prior to this. It had launched an earlier takeover offer last year, albeit with no intention of de-listing PJ Development. — theedgemarkets.com
Try out one of our super tools, the rental yield calculator, here.
TOP PICKS BY EDGEPROP
Kawasan Perindustrian Empayar
Gelang Patah, Johor
Kawasan Perindustrian Empayar
Gelang Patah, Johor
Perdana Emerald Serviced Apartment
Damansara Perdana, Selangor
Perdana Emerald Serviced Apartment
Damansara Perdana, Selangor
Perdana Emerald Serviced Apartment
Damansara Perdana, Selangor
Taman Universiti Indah
Seri Kembangan, Selangor
Foresthill Damansara
Damansara Perdana, Selangor
