Unconditional Mandatory Take-over Offer
| Description |
OFFER DOCUMENT IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY HII CAPITAL HOLDINGS SDN BHD ("OFFEROR") THROUGH UOB KAY HIAN (M) SDN BHD TO ACQUIRE:-
I. ALL THE REMAINING ORDINARY SHARES IN ASTEEL GROUP BERHAD ("ASTEEL" OR THE "OFFEREE") ("ASTEEL SHARE(S)" OR THE "SHARE(S)") NOT ALREADY HELD BY THE OFFEROR, DATUK CLIFFORD HII TOH LEONG ("DATUK CLIFFORD HII" OR THE "ULTIMATE OFFEROR") AND PERSONS ACTING IN CONCERT WITH THEM ("PAC(S)"); AND
II. ALL THE NEW SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING OF THE OFFER ARISING FROM THE EXERCISE OF THE OUTSTANDING OPTIONS GRANTED PURSUANT TO ASTEEL'S EMPLOYEE SHARE OPTION SCHEME
(COLLECTIVELY REFERRED TO AS THE "OFFER SHARE(S)")
FOR A CASH OFFER PRICE OF RM0.075 PER OFFER SHARE ("OFFER") |
| Despatch Date | 14 Sep 2026 |
| Acceptance Period | 14 Sep 2026 to 05 Oct 2026 |
| Closing Date | 05 Oct 2026 |
| Closing Time | 05:00 PM |
Name of Offeror(s)
| Offeror | Listed on Bursa Malaysia |
HII CAPITAL HOLDINGS SDN BHD |
No |
| Offer by Offeror(s) | Cash |
| Cash | |
| Offer Price Per Unit | Malaysian Ringgit (MYR) 0.0750 |
| Registrar or Service Provider name, address, telephone no |
VISTRA INVESTOR & ISSUING HOUSE SERVICES SDN. BHD. Unit 32-01, Level 32, Tower A Vertical Business Suite, Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| 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 | ASTEEL GROUP BERHAD |
| Stock Name | ASTEEL |
| Date Announced | 14 Sep 2026 |
| Category | Take-over Offer |
| Reference Number | TEN-14092026-00001 |
| Corporate Action ID | MY260914TEND0001 |