Posted by findfreedom > 1 month ago | Report Abuse

We wish to announce that the Company had on 15 November 2024, received from AmInvestment Bank, on behalf of the Joint Offerors, a notice of conditional voluntary take-over offer informing the Board of the firm intention of the Joint Offerors to make the Offer in accordance with subparagraph 9.10(1) of the Rules (“Notice”).

The Board notes from the Notice that MAVCOM confirmed that it is satisfied that the MAVCOM Condition is met following its receipt and review of the executed finalised, valid and binding Shareholders’ Agreement by the Joint Offerors.

A copy of the Notice is attached herewith for your reference. The Notice will be despatched to all shareholders of the Company within seven (7) days from this announcement, in accordance with subparagraph 9.10(5)(b) of the Rules.

This announcement is dated 15 November 2024.

Posted by Kuli99 > 1 month ago | Report Abuse

I own a share as minority. What should I do after this announcement?

Posted by findfreedom > 1 month ago | Report Abuse

Wondering who is not minority here? :p I suppose the notice that going to send to us will have the info.

Posted by hw0706 > 1 month ago | Report Abuse

sell on monday

Posted by Wong Yek Hon > 1 month ago | Report Abuse

so what's next ya? we just have to patiently wait for the formal letter delivered to our mailbox ?

Posted by KingKKK > 4 weeks ago | Report Abuse

WINNING BIG: The 10 Best-Performing Stocks in Malaysia YTD - SUNWAY, GAMUDA, UTDPLT, IJMCORP, AIRPORT, CIMB, TENAGA, AMMB, 99SMART, HARTA

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-11-23-story-h474783546-WINNING_BIG_The_10_Best_Performing_Stocks_in_Malaysia_YTD_SUNWAY_GAMUDA_

Posted by Kris Wong > 3 weeks ago | Report Abuse

Since it is a conditional offer, what the probability the offer is not successful ? Anyone know how the offer works in details or the steps involved as I still holding the shares. BTW, are the offerors allow to buy Airport shares in the open market now as its price is below the offer price of RM11 ?

Posted by findfreedom > 3 weeks ago | Report Abuse

They need agreement from shareholder to sell at least 90% of the share to change it unconditional offer. I believe they will send us agreement form for this.

Posted by Cipta > 3 weeks ago | Report Abuse

No worry. If there is resistance, the price will shoot over 11. Now it stays comfortable at a 4% discount which is slightly attractive to accept the offer. It is just a matter of time to complete the prevacation.

Posted by 2Invest > 3 weeks ago | Report Abuse

Dear Kris;

Yes. IB(s) will do the job for them.

Current case is exactly the same like Litrak years back. I don't see any reason other Top30 shareholders not to let go.

Posted by Wong Yek Hon > 3 weeks ago | Report Abuse

Just receive a formal hardcopy notification from them. so we still have to wait for another agreement form ya?

Posted by findfreedom > 3 weeks ago | Report Abuse

@Wong Yek Hon
MAHB has received the notice of take-over offer (see MAHB report dated 16 May 2024) on Nov 22 and the offer document and acceptance form will be despatched within 21 days from the date of the notice. An independent advice circular from Hong Leong Investment Bank will be despatched within 10 days from the date of despatch of the offer document. Take note that the take-over offer is conditional upon 90% of valid acceptances. However, the offeror reserves the right to revise the level of the acceptance condition to a lower level.

Posted by 2Invest > 2 weeks ago | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=238405&name=EA_DS_ATTACHMENTS

Notice posted on 15/11/2024, 21 days will be end of this week.


Closing of the Offer
Where the Offer has become or is declared unconditional as to acceptances on a day falling on or before the 46th day from the Posting Date, the Offer will remain open for acceptances for at least 14 days from the date on which the Offer becomes and is declared unconditional which, in any event, shall not be later than the 60th day from the
Posting Date.

Where the Offer has become or is declared unconditional as to acceptances on any day after the 46th day from the Posting Date, the Offer will remain open for acceptances for at least 14 days from the date on which the Offer becomes and is declared unconditional which, in any event, shall not be later than the 74th day from the Posting
Date.

Posted by AnthonyAng666 > 2 weeks ago | Report Abuse

Key issues Khazanah-led consortium will have to fix at MAHB post-privatisation. In the progress ...

https://theedgemalaysia.com/node/735394

Posted by findfreedom > 2 weeks ago | Report Abuse

Offer document is available.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3507132

Posted by Noni > 1 week ago | Report Abuse

If accept, how long will they take to pay us back? Next year?

Posted by AnthonyAng666 > 1 week ago | Report Abuse

After 8 Jan 25

Posted by kpchia > 1 week ago | Report Abuse

The payment upon acceptance will be posted to us by cheque or will it be banked into our securities bank/ settlement account?

Posted by chickenriceseller > 1 week ago | Report Abuse

this nonsense bursa, can submit the acceptance form online but i still need to submit the transfer form to my broker. bugger apa nonsense la bursa damn paliah.

Posted by Kuli99 > 1 week ago | Report Abuse

Ya I just realised still need transfer form from broker. Need to go visit broker 😥

Posted by Kris Wong > 1 week ago | Report Abuse

Ya definitely not user friendly to do the share transfer, cannot use the Bursa Anywhere App also, need to go to broker office personally to do transfer. Really troublesome to do acceptance despite current available technology. Bursa Malaysia/Airport should look into this immediately to expedite acceptance !!!

Posted by findfreedom > 1 week ago | Report Abuse

Just don't submit and wait until mandatory offer. Unless you are BIG investor. :p

Posted by Kuli99 > 1 week ago | Report Abuse

What would happen if we didn't reply until after deadline?

Posted by Kuli99 > 1 week ago | Report Abuse

Will it be auto with mandatory takeover offer?

Posted by findfreedom > 6 days ago | Report Abuse

Do u guys receive any call regarding this?

Posted by Noni > 6 days ago | Report Abuse

What kind of call?
No calls for me

Posted by findfreedom > 6 days ago | Report Abuse

From Boardroom Share Registrars. I think some kind of survey if I will agree for the offer.

Posted by findfreedom > 6 days ago | Report Abuse

My phone identified the number as spam but checking on internet show it is really Boardroom Share Registrars number.

Posted by findfreedom > 5 days ago | Report Abuse

So anyone else received the call?

Posted by Cipta > 5 days ago | Report Abuse

if you didnt reply by acceptance, it will be treated as Not accept the offer.

Posted by findfreedom > 4 days ago | Report Abuse

If conditional offer (now) acceptance is at least 90% then this will become mandatory offer where you basically do not have to do anything to accept the offer. (U cannot say no, anyway). On the other hand, if the conditional offer is not meeting 90% then the deal is basically off. Your choice. 😉

Posted by Syndicates > 2 days ago | Report Abuse

die lah. non interested director call to reject offer. how to get 90%?

Posted by findfreedom > 2 days ago | Report Abuse

"Not fair and not reasonable" mean adjust the offer price higher? lol

Posted by Syndicates > 2 days ago | Report Abuse

mean price will go up above rm11 in future

Posted by curiousq > 2 days ago | Report Abuse

what;s happened?

Posted by findfreedom > 2 days ago | Report Abuse

Can also mean 90% not meet, privatization off. lol

Posted by curiousq > 2 days ago | Report Abuse

10.26 ???

Posted by findfreedom > 2 days ago | Report Abuse

Panic selling..

Posted by Kris Wong > 2 days ago | Report Abuse

Friendly parties buying on behalf of Consortium now?

Posted by hw0706 > 2 days ago | Report Abuse

Wait and see

Posted by curiousq > 2 days ago | Report Abuse

reversed and back to origin 😵

Posted by hw0706 > 2 days ago | Report Abuse

10.60

Posted by Kris Wong > 2 days ago | Report Abuse

After overcome some many hurdles, need to now settle independent directors omen, hope friendly parties will buy enough shares to pass 90% acceptance on behalf of the consortium !!!

Posted by hw0706 > 2 days ago | Report Abuse

Of the deal is void than will go back to below 9.00 at least

Posted by Cipta > 2 days ago | Report Abuse

i received call about 5pm today from Share Registrar asking whether i receive the form of acceptance or not. First time received such call, seen the offeror is nervous today. ^_^

Posted by Noni > 2 days ago | Report Abuse

Cipta, you must be holding a lot of shares to receive such call.
Even my broker won't call me, because i have so little.

Posted by findfreedom > 2 days ago | Report Abuse

@Cipta is a random call, I received it few days ago.. I got ask here.

Posted by Kris Wong > 1 day ago | Report Abuse

Talk is cheap, ask the independent directors to get another counter offer above RM11 !!!

Posted by findfreedom > 13 hours ago | Report Abuse

lol. What happen if offer price adjust, U insist to take RM11 only?

Posted by Kris Wong > 3 hours ago | Report Abuse

LOL What make u think price to adjust given the latest reasons given by the offerors to counter the opinions of the independent directors why the RM11 is reasonable ? Why should any sensible one take less if the price adjust given that pg 26 Item 6 of the Offer Document clearly stated if the Offerors increase the price, all holders who accepted the offer will be paid the revised price !!!