Goldis take-over offer for IGB turns unconditional

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KUALA LUMPUR (Oct 20): Goldis Bhd's take-over offer for IGB Corp Bhd has turned unconditional.

In a statement to the exchange today, Goldis said it had secured more than 50% of property developer IGB's issued and paid-up share capital as of last Friday.

Goldis already owned 31.11% in IGB earlier. Goldis had as of Friday, received valid acceptance for another 269.03 million IGB shares or about 20.15% from other IGB shareholders.

Hence, Goldis' stake in IGB came to 51.26%.

"Accordingly, the offer has become unconditional as to acceptance as of Friday, 17 October 2014 (acceptance unconditional date).

"However, the offer is still subject to the approval of shareholders of Goldis at the extraordinary general meeting of Goldis to be held on 21 October 2014,'" Goldis said.

Goldis said it had extended the offer deadline to November 6 this year from October 29.