Saturday 20 Apr 2024
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KUALA LUMPUR (Sept 29): OSK Property Holdings Bhd announced to Bursa Malaysia that trading of its securities will be suspended on Oct 20.

In a filing to Bursa Malaysia today, the property group said the suspension is in accordance with paragraph 16.02(3) of the Main Market listing requirements of the stock exchange.

It noted that the announcement supersedes the earlier listing circular on Sept 7, 2015, in which it had stated that trading was to be suspended on Oct 22.

OSK Holdings Bhd, controlled by tycoon Tan Sri Ong Leong Huat, had on Sept 28 completed the takeover of OSK Property and now has 317.24 million shares in the property firm, representing 96.81% of the voting shares.

OSK Holdings has received valid acceptances of no less than nine-tenths (9/10) of the nominal value of the offer shares.

Consequently, OSK Holdings intends to invoke compulsory acquisition of the remaining offer shares in which no valid acceptances were received.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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