Hextar's ED Ong Choo Meng ups stake in Rubberex, triggers MGO

Hextar's ED Ong Choo Meng ups stake in Rubberex, triggers MGO

The Edge Markets - Malaysia·2020-06-22 22:29

KUALA LUMPUR (June 22): Chemical firm Hextar Global Bhd's executive director Datuk Ong Choo Meng and his 90%-held Hextar Rubber Sdn Bhd have acquired an additional 20.63% stake in Rubberex, raising their collective interest to 50.18% – above the 33% threshold that triggers the mandatory general offer for the remainder shares they do not own in the company.

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