MALAYSIA AIRPORTS HOLDINGS BHD
KLSE (MYR): AIRPORT (5014)
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Last Price
10.50
Today's Change
-0.14 (1.32%)
Day's Change
10.24 - 10.66
Trading Volume
10,769,700
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5 people like this. Showing 50 of 2,161 comments
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.
1 month ago
Wondering who is not minority here? :p I suppose the notice that going to send to us will have the info.
1 month ago
so what's next ya? we just have to patiently wait for the formal letter delivered to our mailbox ?
4 weeks ago
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_
3 weeks ago
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 ?
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
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.
3 weeks ago
Just receive a formal hardcopy notification from them. so we still have to wait for another agreement form ya?
3 weeks ago
@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.
3 weeks ago
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.
2 weeks ago
Key issues Khazanah-led consortium will have to fix at MAHB post-privatisation. In the progress ...
https://theedgemalaysia.com/node/735394
2 weeks ago
Offer document is available.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3507132
2 weeks ago
The payment upon acceptance will be posted to us by cheque or will it be banked into our securities bank/ settlement account?
1 week ago
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.
1 week ago
Ya I just realised still need transfer form from broker. Need to go visit broker 😥
1 week ago
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 !!!
1 week ago
Just don't submit and wait until mandatory offer. Unless you are BIG investor. :p
1 week ago
findfreedom, U meant that after the offer only became unconditional i.e 90% or more only then submit acceptance and transfer forms, correct ? Once become unconditional, there is still got sufficient time (14 days) to accept the offer even after first expiry date, correct ?
1 week ago
From Boardroom Share Registrars. I think some kind of survey if I will agree for the offer.
5 days ago
My phone identified the number as spam but checking on internet show it is really Boardroom Share Registrars number.
5 days ago
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. 😉
3 days ago
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 !!!
1 day ago
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. ^_^
1 day ago
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.
1 day ago
Talk is cheap, ask the independent directors to get another counter offer above RM11 !!!
4 hours ago
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