The buyer has achieved an acceptance rate of 84% and is pushing forward with the privatization of Malaysian airports.
Led by Khazanah National (Khazanah), the GDA consortium has increased its stake in Malaysia Airports (AIRPORT, 5014, Main Board transportation and logistics stock) to 84.12% as of 5 pm yesterday.$AIRPORT (5014.MY)$This total includes shares transferred to the acquirer but for which acceptance letters for 1.09% of the shares have not yet been received.
This total includes shares transferred to the acquirer but for which acceptance letters for 1.09% of the shares have not yet been received.
GDA needs to achieve 90% acceptance criteria by January 17, 2025, at a price of 11 Ringgit per share to privatize Malaysia Airports.
The GDA consortium includes Employees Provident Fund (EPF), Khazanah Nasional, Abu Dhabi Investment Authority (ADIA), and Global Infrastructure Partners (GIP).
According to documents submitted by Malaysia Airports to Bursa Malaysia, the acquisition offer will be open for acceptance until 5:00 PM on January 17, 2025.
On Monday, the Retirement Fund Inc (KWAP) has accepted GDA's offer of 11 Ringgit per share to sell its holdings in Malaysia Airports.
KWAP and its subsidiaries have sold 0.11925 billion shares to GDA, representing 7.15% of Malaysia Airports' total share capital.
Source: Nanyang Siang Pau
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