Hong Leong Asia secures 97.23% shares of cement firm Tasek
The trading of Tasek’s shares will be suspended beginning 11 August.
Hong Leong Asia (HLA) has secured 97.23% shares or more than 117.78 million shares of cement firm Tasek Corp Bhd at the close of its unconditional voluntary takeover offer, the company announced in an SGX filing.
HLA also now holds 64.91% of Tasek’s preference shares.
Tasek’s shares shall be suspended from trading beginning 11 August, and will eventually be delisted from the Bursa, Malaysia’s stock exchange.
Photo courtesy of Pexels