Yokohama unconditional takeover offer extended
24 Mar 2015 / 05:37 H.
PETALING JAYA: Fordington Pte Ltd has extended the closing date for the unconditional take-over offer for Yokohama Industries Bhd from March 25 to April 8.
According to a press release issued by Mercury Securities Sdn Bhd, all other details, terms and conditions of the offer remain unchanged and notices of the extension will be posted to holders of the offer shares.
Fordington seeks to acquire all the remaining ordinary shares of 50 sen each in Yokohama not already held by the offeror and persons acting in concert with it at a cash offer price of RM1.70 per offer share.