NTT Data does not intend to maintain the listing status of GHL and will withdraw the company’s listing if it manages to get more than 90% of the shares, according to a statement. NTT Data will also not take measures to address any shortfall in the minimum public spread if it controls more than 75% of the shares.
NTTD Japan is obliged to extend a mandatory take-over offer to acquire all the remaining shares not already held by the company at RM1.08 per share pursuant to Section 218(2) of the Capital Markets and Services Act 2007 and paragraph 4.01(a) of the Rules on take-overs, mergers and compulsory acquisitions.
NTT DATA Japan to Acquire Majority Stake in GHL Systems Jun 19, 202414:56 GMT+8
Malaysia's GHL Systems GHLSYS received an offer from NTT DATA Japan 9613 to sell its remaining stake not already owned by the Japanese firm at 1.08 ringgit per share, according to a Tuesday Malaysian bourse filing.
The unconditional mandatory takeover offer was triggered after the Japanese information technology company acquired 58.73% stake in the Malaysian IT service management company.
The offer period is valid from June 18 to July 9, the filing noted.
Shares of GHL Systems slid marginally in Malaysia recently.
NTT DATA Japan Corp (NTTD Japan) is now in control of *GHL Systems Bhd (KL:GHLSYS)* after accumulating 92.71% of the payment solutions provider's total issued shares as at July 4, paving the way for GHL to be delisted from Bursa Malaysia. The offer will remain open for acceptances until July 9. CIMB Investment Bank, which is acting on NTTD Japan's behalf in its privatisation bid, said the offeror does not intend to maintain the listing status of GHL on the Main Market. — NTT DATA Japan's bid to delist GHL Systems crosses 90% threshold
=============== Kindly be advised that trading in the securities relating to GHLSYS will be suspended with effect from 9.00 a.m., Wednesday, 31 July 2024 pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements.
Your attention is drawn to GHLSYS’ announcement dated 23 July 2024.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 576 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13069 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hhhiii123
815 posts
Posted by hhhiii123 > 2024-05-21 20:45 | Report Abuse
Qr should be strong, but need to see the chart, hmm