Fordington gets valid acceptances for Yokohama
26 Mar 2015 / 05:36 H.
PETALING JAYA: Fordington Pte Ltd (offeror) has received enough valid acceptances in respect of the unconditional take-over offer for Yokohama Industries Bhd for more than 90% in the group.
According to a filing with Bursa Malaysia Fordington managed to obtain 92.26% acceptances for its offer.
Fordington does not intend to maintain the listing status of Yokohama and trading in Yokohama shares will be suspended upon expiry of five market days from the close of the offer.
The offer is expected to close on April 8, 2015, unless there is further extension by the offeror.