Malaysian Airports Holdings Berhad has informed Bursa that it has received a takeover offer from Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd, and GIP Aurea Pte Ltd to acquire all the remaining 1,118,098,325 ordinary shares in MAHB, representing 67.01% of the total issued MAHB shares, for a cash offer price of RM11.00 per share. This amounts to roughly RM12 billion.
Sure, here is the rewritten text for clarity:
“It was noted that if and when all the pre-conditions are met or waived by the joint offerors, AmInvestment Bank will serve a notice of firm intention to make the offer to the board on behalf of the joint offerors. However, if the pre-conditions are not met or waived by the joint offerors on or before the long-stop date, the offer will lapse, and the formal offer will not be made. AmInvestment Bank will issue an announcement on behalf of the joint offerors to confirm this as soon as reasonably practicable.
The offeror has also stated that once acquired, both Chairman and CEO of MAHB will be Malaysians and that there will be no layoffs.
