Arising from acceptances by Mawer Investment Management Ltd. ("Mawer") pursuant in relation to the conditional voluntary take-over offer from CIMB Investment Bank Berhad on behalf of Jacobs Douwe Egberts Holdings Asia NL B.V. ("Offeror") to acquire all of the issued ordinary shares of OldTown Berhad ("OldTown"), not already owned by the Offeror at a cash consideration of RM3.18 per share.
Valid acceptances by Mawer and other shareholders have resulted in the acceptance condition of the Offeror's holding more than 50.00% of shares in OldTown being fulfilled.