We refer to the Company's announcement dated 6 August 2026 in relation to the unconditional mandatory take-over offer from Maybank Investment Bank Berhad, on behalf of Whitmore Holdings Sdn Bhd ("Offeror"), to acquire the remaining voting shares in MKH ("MKH Shares") not already owned by the Offeror and Batu Kawan Berhad (being the sole shareholder of the Offeror) ("Ultimate Offeror") ("Offer Shares") at a cash offer price of RM2.00 per Offer Share ("Offer"), the Offer Document dated 27 August 2026 relating to the Offer ("Offer Document") and the announcement dated 10 September 2026 in relation to the Company's non-compliance with the Public Spread Requirement. Unless otherwise stated, the terms used herein shall have the same meanings as those set out in the Offer Document.
The Board of the Company wishes to announce that, following the close of the Offer on 8 October 2026 and based on the record of depositors of MKH as at 8 October 2026, the public shareholding spread of MKH stood at 3.27%. Accordingly, MKH does not comply with the Public Spread Requirement pursuant to subparagraph 8.02(1) of the Listing Requirements where a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders.
As announced by the Company on 14 September 2026, the Offeror, the Ultimate Offeror and the PACs collectively hold 90% or more of the total number of issued MKH Shares (excluding treasury shares) and the Offeror and the Ultimate Offeror do not intend to maintain the listing status of MKH on the Main Market of Bursa Securities. In view of this, Bursa Securities will suspend the trading of the MKH Shares upon the expiry of five (5) market days from 8 October 2026, being the extended closing date, which will be effected from 9.00 a.m. (Malaysian time) on Friday, 16 October 2026. The Offeror and the Ultimate Offeror will procure MKH to take the requisite steps to withdraw its listing status from the Official List in accordance with Paragraph 16.07 of the Listing Requirements.
On 30 September 2026, the Company had also announced that the Offeror had received valid acceptances of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding MKH Shares already held by the Offeror, the Ultimate Offeror and the PACs at the date of the Offer). As such, the Offeror and the Ultimate Offeror will invoke the provisions of subsection 222(1) of the CMSA to compulsorily acquire any remaining Offer Shares from the Dissenting Holders. Accordingly, the Offeror will issue a compulsory acquisition notice under subsection 222(1) of the CMSA, which will be sent to all Dissenting Holders within two (2) months from 30 September 2026.
This announcement is dated 13 October 2026.