<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 28): Rengit Capital Sdn Bhd has launched an unconditional mandatory takeover offer for the shares and warrants it does not own in Leweko Resources Bhd at 18 sen per share and one sen per warrant.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing by the company, the 18 sen per share offer translates to a 2.56% premium to the five-day volume weighted average price of Leweko's shares up to June 27.</p></div>

<div class=newsTextDataWrapInner><p>The offer will be open for a period of not less than 21 days from the offer posting date.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This followed a share and warrants sale agreement which was entered into between Rengit Capital and several shareholders of Leweko to acquire some 162.47 million shares and 93.75 million warrants representing 50.47% shareholding and 93.58% warrants in the company.</p></div>

<div class=newsTextDataWrapInner><p>A total of 97.7 million shares or 30.35% stake was acquired from Leweko managing director Datuk Leong Wei Kong, along with 32.5 million warrants.</p></div>

<div class=newsTextDataWrapInner><p>The rest of the shares and warrants were acquired from several stakeholders, namely Datin Yip Fong Ngoh, Abd Aziz Jantan, Banding Wangsa Sdn Bhd, Western Progress Sdn Bhd, Chong Weng Shin and Exact Fortune Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The offeror intends to maintain the listing status of Leweko on the Main Market of Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>At 3.12pm, Leweko rose 1.5 sen or 8.33% to 19.5 sen, giving a market capitalisation of RM61.16 million.</p></div>


Rengit Capital Sdn Bhd has launched an unconditional mandatory takeover offer for the shares and warrants it does not own in Leweko Resources Bhd at 18 sen per share and one sen per warrant.

Rengit Capital launches 18 sen apiece offer for Leweko shares

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<p><em><strong>More to come</strong></em></p>
...

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<p>The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.</p>


<p>Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.</p>
