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Daibochi receives documents for Scientex takeover offer

KUALA LUMPUR: Daibochi Bhd has until Oct 25 to consider whether to accept Scientex Bhd‘s takeover offer.

The group said in a filing with Bursa Malaysia that it had received the offer documents relating to the unconditional voluntary takeover offer by Scientex.

It said UOB Kay Hian Securities (M) Sdn Bhd had issued a press notice on behalf of Scientex informing that the offer document with the details, terms and conditions of the offer together with the acceptance form had been despatched to the shareholders and warrantholders of Daibochi on Oct 4.

In the notice, UOB Kay Hian advised that the offer is open for acceptances until 5pm Malaysian time on Oct 25, 2021, unless an extension is announced no later than two days before the closing date.

A copy of the offer documents and acceptance and transfer form are also available on Bursa Malaysia’s website.

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