<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 10): Wing Tai Malaysia Bhd's shares will be suspended with effect from Aug 17, according to a Bursa Malaysia filing today.</p></div>

<div class=newsTextDataWrapInner><p>This follows the completion of the takeover offer undertaken by the joint offerors — Singapore-listed Wing Tai Holdings Ltd and its wholly-owned unit Wing Tai Investment &amp; Development Pte Ltd.</p></div>

<div class=newsTextDataWrapInner><p>In May, the joint offerors announced an unconditional voluntary takeover offer to acquire all of Wing Tai Malaysia shares not already owned by them for a cash price of RM1.80 per share.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The joint offerors, controlled by the Cheng family, owned 66.13% of Wing Tai Malaysia at that time. Their shareholding has increased to 96.75% upon the completion of the takeover offer.</p></div>

<div class=newsTextDataWrapInner><p>Wing Tai Malaysia is mainly involved in property development and fashion retail. Its property developments are mainly in Kuala Lumpur and Penang, while its fashion business has a portfolio of 12 international fashion brands, namely Topshop, Topman, Dorothy Perkins, Miss Selfridge, Warehouse, Karen Millen, Pumpkin Patch, Wallis, BCBG, Ben Sherman, Burton and Furla.</p></div>

<div class=newsTextDataWrapInner><p>Wing Tai's share price today closed down four sen or 2.22% at RM1.76 for a market capitalisation of RM836.54 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 10): Wing Tai Malaysia Bhd's shares will be suspended with effect from Aug 17, according to a Bursa Malaysia filing today.

This follows the completion of the takeover offer undertaken by the joint offerors — Singapore-listed Wing Tai Holdings Ltd and its wholly-owned u...

Wing Tai shares to be suspended on Aug 17

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