KUALA LUMPUR: Eurospan Holdings Bhd

(EHB) today received a notice of unconditional mandatory take-over offer from AmInvestment Bank Bhd on behalf of EC Synergy (M) Sdn Bhd to acquire all the remaining ordinary shares in the company for a cash consideration of RM2.30 per share.

In a filing with Bursa Malaysia, the company said the offer was made after EC Synergy today entered into two share purchase agreements (SPAs) with Datuk Seri Tan Han Chuan and Datin Tan Ching Ching, respectively, to acquire 32.93 million ordinary shares in EHB, representing 74.14 per cent equity interest in the company worth RM75.75 million.

"The acquisitions were completed on Aug 20, 2025, in accordance with the terms of the SPAs via direct business transactions,” it said.

It said that pursuant to the Capital Markets and Services Act 2007, Samuel Ng Heng Hong, being the sole shareholder as well as the sole director of EC Synergy, is obliged to extend an unconditional mandatory take-over offer to acquire all the remaining EHB shares not already owned.

Prior to the acquisitions, EC Synergy and Samuel Ng did not hold any EHB shares, according to the filing.

EHB is primarily involved in the manufacturing and export of home furniture and was established in 1972.

At the close today, EHB share price rose 6.46 per cent or 19 sen to RM3.13 per share with a total of 112,700 shares traded. - Bernama