Amverton’s major shareholder tables takeover offer

Amverton’s major shareholder tables takeover offer

The Malaysian Reserve-Property·2020-01-14 15:19

AMVERTON Bhd has received a notice of unconditional voluntary takeover offer from Tan Sri Ng Boon Thong @ Ng Thian Hock, the controlling shareholder and director of Dalta Industries Sdn Bhd, to acquire the remaining 80.83 million shares or 22.14% of the company for RM1.20 a share or RM96.99 million in cash.

The offer price matches Amverton share price of RM1.20 yesterday, which valued the property group at RM438.08 million. Dalta currently owns 244.42 million shares or 66.95% of Amverton’s total shares. Ng holds 39.8 million Amverton shares which represent 10.91% of the entire stake.

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