News
Conditional Voluntary Take-over Offer
BackAug 11, 2025
| Acceptance Condition (%) | 50.0000 |
| Description | OFFER DOCUMENT IN RELATION TO THE CONDITIONAL VOLUNTARY TAKE-OVER BY MAGNI VANTAGE LIMITED ("OFFEROR") THROUGH UOB KAY HIAN (M) SDN BHD (FORMERLY KNOWN AS UOB KAY HIAN SECURITIES (M) SDN BHD) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN FACB INDUSTRIES INCORPORATED BERHAD ("FACB" OR THE "OFFEREE") NOT ALREADY HELD BY THE OFFEROR AND CHEN YIY FON ("ULTIMATE OFFEROR") ("OFFER SHARE(S)") FOR A CASH OFFER PRICE OF RM1.60 PER OFFER SHARE ("OFFER") |
| Despatch Date | 11 Aug 2025 |
| Acceptance Period | 11 Aug 2025 to 01 Sep 2025 |
| Closing Date | 01 Sep 2025 |
| Closing Time | 5:00 PM |
Name of Offeror(s)
| Offeror | Listed on Bursa Malaysia |
| MAGNI VANTAGE LIMITED | No |
| Offer by Offeror(s) | Cash |
| Cash | |
| Offer Price Per Unit | Malaysian Ringgit (MYR) 1.6000 |
| Registrar or Service Provider name, address, telephone no | BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Malaysia Tel:0377843922 Fax:0377841988 |
| Remarks : |
| Please refer to the enclosed Offer Document which sets out the details, terms and conditions of the Offer, together with the Form of Acceptance and Transfer. |
Please refer attachment below.
Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 11 Aug 2025 |
| Category | Take-over Offer |
| Reference Number | TEN-11082025-00001 |
| Corporate Action ID | MY250811TEND0001 |
Attachments
- Magni_Vantage_Limited_-_Offer_Document_20250811.pdf (Size: 1,206,385 bytes)
- Magni_Vantage_Limited_-_Form_of_Acceptance_and_Transfer_20250811.pdf (Size: 374,238 bytes)