FACB Industries privatisation offer extended to Oct 10

PETALING JAYA: FACB Industries Incorporated Bhd’s takeover offer of RM1.60 per share has been extended again to 5pm on Oct 10, from Sept 15.

In a filing with Bursa Malaysia, the company said the latest deadline is final, adding that there will be no further extension of the closing date of the offer that was first made by chairman and executive director Chen Yiy Fon on July 21.

The offer turned unconditional on Aug 28 after the cumulative stake held by Chen and parties acting in concert in the company surpassed the 50% mark. 

As at Thursday, they hold 56.63% in FACB. 

FACB is principally involved in the manufacturing and sale of bedding products in Malaysia and, through its subsidiary and associates in China, the marketing of bedding products and steam.