CITAGLB 7245 CITAGLOBAL BERHAD major shareholders' stake little changed at 50.23% after close of MGO
KUALA LUMPUR (Dec 20): Citaglobal Bhd major shareholders' stake in the group remains at 50.23% after the close of their mandatory general offer (MGO).
Only 17,365 shares, or less than 0.01% of the group's total share base, were sold to the offerors, namely TIZA Global Sdn Bhd, Tan Sri Mohamad Norza Zakaria and persons acting in concert, according to Citaglobal's stock exchange filing on Tuesday (Dec 20).
This raised the offerors' collective shareholdings in the group to 943.32 million shares from 943.31 million. In terms of percentage, however, the major shareholders' stake remains at 50.23%.
The offerors had earlier stated that they intended to maintain Citaglobal's listing status.
Meanwhile, the offerors saw no acceptance for their offers to buy up Citaglobal's irredeemable convertible preference shares (ICPS) and the remaining units of Warrant A.
The offerors own 15 million ICPS, equivalent to 46.07% of the total, and do not own any Warrant A.
Meanwhile, only 375 units of Warrant B were sold to the offerors at three sen each, leaving their holdings largely unchanged at 23.23% or 14.85 million warrants.
In June, Citaglobal signed a conditional agreement with TIZA Global to acquire Citaglobal Engineering Services Sdn Bhd for RM140 million, via the issuance of 736.84 million new shares in Citaglobal at an issue price of 19 sen each.
The agreement became unconditional on Nov 8, increasing the offerors' collective shareholding from 18% to slightly over 50%, triggering the MGO.
The offer price of 19 sen per share represented a 37% discount to 30.15 sen, the five-day volume weighted average market price of Citaglobal shares up to Nov 7, a day before the takeover offer was announced.
Citaglobal's shares, which were trading at 30.5 sen on Nov 7, came under pressure subsequent to the takeover offer, trending downwards to as low as 23 sen on Nov 17, before paring losses gradually in the following weeks.
On Tuesday, the stock settled half a sen or 1.79% lower at 27.5 sen, giving the group a market capitalisation of RM516.41 million.
http://www.theedgemarkets.com/article/citaglobal-major-shareholders-stake-little-changed-after-takeover-offer-received-lukewarm
Singapore Investment
-
-
-
-
-
🇬🇷 Ελληνικές μετοχές12 hours ago
-
-
-
-
5 simple tips to spend money more wisely22 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Will I be rich?2 days ago
-
-
-
-
-
-
Finance Investment Movement 593 days ago
-
-
-
-
-
Bird Paradise – at a discount3 days ago
-
-
-
-
-
-
-
-
-
-
-
Buying more1 week ago
-
-
-
-
-
I have Achieved Lean FIRE!!1 week ago
-
-
-
The Art of Being Patient2 weeks ago
-
-
-
-
-
2Q 2025 Investment Strategy Update2 weeks ago
-
Portfolio Summary for June 20252 weeks ago
-
-
Portfolio (June 30, 2025)2 weeks ago
-
Portfolio (June 30, 2025)2 weeks ago
-
-
-
Portfolio -- June 20252 weeks ago
-
June 2025 Updates2 weeks ago
-
-
-
Will SORA crash to 1 per cent?3 weeks ago
-
-
Hello world!3 weeks ago
-
-
-
8 tips for house moving4 weeks ago
-
-
-
-
-
-
-
-
-
-
-
Thakral - Gem life deal finally coming?1 month ago
-
-
-
Clarity1 month ago
-
The Trump Tariffs2 months ago
-
Selling HRnet and Fiverr2 months ago
-
-
-
-
Ignore the noise and be calm2 months ago
-
-
-
-
FAQ on Quantitative Investing Part 23 months ago
-
-
-
-
Crossing the 300k Mark [in a volatile period]3 months ago
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?5 months ago
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!6 months ago
-
Top 10 Highlights of 20246 months ago
-
-
-
Union Square Residences8 months ago
-
-
-
STI ETF9 months ago
-
-
-
Unibet Casino Bonus Codes 202410 months ago
-
-
-
-
-
Monthly IBKR Update – June 20241 year ago
-
-
-
-
-
-
-
-
-
Feb 2024 Expenditure1 year ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light2 years ago
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment3 years ago
-
Terra Hill Condo (former Flynn Park)3 years ago
-
Alibaba VS Tencent: The Battle Royale3 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Home
articles
CITAGLB
stocks
CITAGLB 7245 CITAGLOBAL BERHAD major shareholders' stake little changed at 50.23% after close of MGO