BUSINESS

UMW SHARES TO BE DELISTED ON FEB 19 FOLLOWING SIME DARBY TAKEOVER

14/02/2024 03:59 PM

KUALA LUMPUR, Feb 14 (Bernama) -- The entire issued share capital of UMW Holdings Bhd will be removed from the Official List of Bursa Malaysia Securities Bhd on Feb 19, 2024.

In a filing with Bursa Malaysia today, the company said the delisting exercise, which marks the completion of its privatisation by Sime Darby Bhd, was under paragraph 16.07(a) of the Main Market Listing Requirements.

UMW shares were already suspended by Bursa Securities on Feb 9, 2024, following the expiry of five market days from the extended closing date of the takeover offer by Sime Darby.

Sime Darby previously extended the closing date for its RM5 per share offer to take UMW private to Jan 31, 2024, about two weeks later than the original deadline of Jan 17, 2024.

As at Jan 31, 2024, Sime Darby already held 98.86 per cent of the total shares in UMW, according to a statement by CIMB Investment Bank Bhd, on behalf of Sime Darby.  

On the same date, UMW applied to Bursa Securities to withdraw its listing status. 

-- BERNAMA


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