LIQUIDE MALAYSIA OFFERS TO BUY SIGGAS' STAKE IN SOUTHERN INDUSTRIAL GAS
KUALA LUMPUR, March 25 (Bernama) -- Industrial gases manufacturer SIG Gases Bhd (Siggas) has received an offer letter from Air Liquide Malaysia Sdn Bhd (ALM) to acquire its entire equity interest in Southern Industrial Gas Sdn Bhd (SIGSB) for RM226.586 million.
In a filing with Bursa Malaysia today, Siggas said the entire stake in SIGSB would include the 40 per cent minority shareholding owned and held by SIGSB in Iwatani-SIG Industrial Gases Sdn Bhd.
“The board will deliberate on the offer letter in due course. If Siggas decides to accept the offer, the company is required to reply to ALM by March 29, 2019.
“The shareholders of Siggas and potential investors are advised to exercise caution when dealing in the company's shares, as there is no certainty that the offer may proceed or may result in a binding agreement,” it added.
In a separate filing, Siggas said trading of its shares was halted at 2.30 pm and resumed from 3.30 pm today.
-- BERNAMA
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