ICT Zone offer gets 65.28% acceptance

PETALING JAYA: ICT Zone Holding Sdn Bhd and Datuk Seri Ng Thien Phing (the joint offerers) have received valid acceptances for 65.28% of ICT Zone’s voting shares at the close of its unconditional voluntary take-over offer yesterday.

In a filing with Bursa Malaysia, ICT Zone Asia Bhd confirmed that the exit offer attracted valid acceptances for a total of 432.41 million shares as of 5pm on April 2, the closing date.

The unconditional voluntary take-over offer by the joint offerers aims to acquire all remaining ordinary shares in ICT Zone Asia not already owned, at a cash consideration of 20 sen per share.

The exit offer is not conditional on any minimum level of acceptances, as the joint offerers already hold more than 50% of the voting shares or voting rights in ICT Zone Asia.

As of March 13, the joint offerers collectively held 64.57% of the voting shares in ICT Zone Asia.