<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 11): A printing and publishing firm today acquired Dataprep Holdings Bhd’s controlling shareholder’s entire stake in the loss-making IT solutions provider, and announced an unconditional mandatory takeover offer for the remaining shares. 
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Wardah Communication Sdn Bhd acquired the 270.54 million shares or 64.2% stake in Dataprep from VXL Holdings Sdn Bhd at 16 sen a share, Dataprep said in a filing with the stock exchange. 
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Wardah’ offer for the remaining shares is being made at the same price of 16 sen, which represents a 23 sen or 58.97% discount to the group’s last closing price of 39 sen. 
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The takeover offer will be open for 21 days, Dataprep said. 
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Wardah is controlled by Tan Sri Muhammad Ikmal Opat Abdullah and his wife Puan Sri Jamilah Mahamad Isa via the Widad Business Group Sdn Bhd. 
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Ikmal is the founder and group executive chairman of the WBG group of companies, which is involved in integrated facilities management, construction, aquaculture, hospitality management, property development, property investment and education. 
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Dataprep said Wardah intends to maintain the IT group’s listed status. 
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Shares in Dataprep were 5 sen or 14.1% lower at 33.5 sen in the final hour of trading, leaving the group with a market capitalisation of RM141.2 million.</div>
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KUALA LUMPUR (Oct 11): A printing and publishing firm today acquired Dataprep Holdings Bhd’s controlling shareholder’s entire stake in the loss-making IT solutions provider, and announced an unconditional mandatory takeover offer for the remaining shares.
 
Wardah Communication...

Dataprep controlling shareholder sells out, buyer makes takeover offer for remaining shares

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