4 hours Ago
PETALING JAYA: Scanwolf Corp Bhd has received a conditional mandatory take-over offer from Maybank Investment Bank Bhd (Maybank IB) on behalf of Mighty Alliance Sdn Bhd. It is offering to privatise all the remaining shares of Scanwolf which are not already owned by the offeror and persons acting in concert with them for a cash consideration of 54 sen per offer share. The takeover party is also offering a cash consideration of 18 sen per offer irredeemable convertible unsecured loan stocks (ICULS) and; a cash consideration of 24 sen per offer warrant that is not owned by the offeror.
The main offerors are Seah Ley Hong, Datuk Seri Wong Sze Chien, Datuk Seri Azlan Azmi and Datuk Seri Andrew Lim Eng Guan. The takeover party presently owns 34.38% of Scanwolf's shares, according to a document by Maybank IB.
The 54 sen is a 5.88% or 3 sen premium to the last traded price of Scanwolf's shares as at Jan 17..
