MAHB: All independent non-executive directors tender resignations prior to Bursa de-listing
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Background ✨
The Gateway Development Alliance consortium, including Pantai Panorama, Kwasa Aktif, and GIP Aurea, launched a takeover bid for Malaysia Airports Holdings Berhad (MAHB) with an offer price of MYR11 per share, which became unconditional with a 94.47% acceptance level1 2. The consortium revised its offer terms, lowering the acceptance threshold to 85% and extending the deadline to 04-Feb-20253. The trading of MAHB securities was suspended from 20-Feb-2025, ahead of its delisting from Bursa Malaysia1.