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 percent of the total issued shares as of 5pm of the closing date today.

AmInvestment Bank, on behalf of the consortium, said in a statement today that the consortium will invoke the provisions of Section 222 of the Capital Markets and Services Act 2007 to compulsorily acquire any remaining offer shares from dissenting holders.

It said necessary steps will also be taken to delist the offeree from the Official List.

In view that the consortium does not intend to maintain the listing status having collectively held more than 90 percent of MAHB shares pursuant to the offer, Bursa Malaysia Securities will suspend the trading of MAHB shares from Feb 20, five market days from today.

- Bernama

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