HL Cement (Malaysia) extends closing date for takeover

HL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019.

HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it owned 103.02m shares or 85.04 per cent.