Yesterday, Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (collectively, the consortium) received valid acceptances totalling 1.646 billion MAHB shares, representing 98.68% of the total issued shares of MAHB as of 5pm yesterday.

In a statement on behalf of the consortium, AmInvestment Bank said 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, and necessary steps will also be taken to delist the offeree from the Official List.

As the consortium does not intend to maintain the listing status, having collectively held more than 90% of MAHB shares pursuant to the offer, Bursa will suspend the trading of MAHB’s shares from Feb 20, five market days from Feb 12.