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Hextar Retail shareholder raises stake to 35.42%, triggering MGO

PETALING JAYA: Hextar Retail Bhd's major shareholder Datuk Eddie Ong Choo Meng has triggered a mandatory takeover offer for the company after Hextar Portfolio Sdn Bhd, his investment vehicle, raised its stake to 35.42%.

The Star MalaysiaThe Star查看原文 ↗
Hextar Retail股东增持股份至35.42%,触发MGO(管理层回购协议)。

PETALING JAYA: Hextar Retail Bhd’s major shareholder Datuk Eddie Ong Choo Meng has triggered a mandatory takeover offer for the company after Hextar Portfolio Sdn Bhd, his investment vehicle, raised its stake to 35.42%.

The mandatory offer follows the conditional voluntary takeover offer of 43 sen per share announced on Aug 10.

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