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GDA consortium receives valid acceptances for 98.68% of MAHB’s total issued shares | Scoop

Malaysia-Airport — GDA and its shareholders have received valid acceptances totalling 1.646 billion MAHB shares. – Bernama pic, February 13, 2025

GDA consortium receives valid acceptances for 98.68% of MAHB’s total issued shares

Consortium will invoke provisions of Section 222 of Capital Markets and Services Act 2007 to acquire any remaining offer shares from dissenting holders compulsorily

Updated 13 February, 2025

13 February, 2025

9:56 AM MYT

KUALA LUMPUR – Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (collectively the consortium) have received valid acceptances totalling 1.646 billion Malaysia Airports Holdings Bhd (MAHB) shares representing 98.68% of the total issued shares of MAHB as at 5pm yesterday, which was the closing date.

AmInvestment Bank, on behalf of the consortium, said in a statement here today that the consortium will invoke the provisions of Section 222 of the Capital Markets and Services Act 2007 to acquire any remaining offer shares from dissenting holders compulsorily, and necessary steps will also be taken to delist the offeree from the Official List.

Meanwhile, in view that the consortium does not intend to maintain the listing status having collectively held more than 90% of MAHB shares pursuant to the offer, Bursa Malaysia Securities will suspend the trading of MAHB shares from February, five market days from yesterday. – February 13, 2025

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