Goldis holds 73.32% equity stake in IGB Corp after takeover offer

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KUALA LUMPUR (Nov 6): Goldis Bhd’s takeover offer of IGB Corp Bhd at RM2.88 per share has garnered acceptance of 42.22% of shareholding in the property company at the final closing date today.

The acceptance from the minority shareholders has bumped up Goldis’ shareholding to 73.32%, or some 978.8 million shares, in IGB Corp, which owns IGB Real Estate Investment Trust.

The takeover offer is perceived to be the second attempt by the Tan family to tighten its grip on IGB Corp, which assets including Mid-Valley shopping mall and Gardens.

Goldis, in which the Tan family holds a 29.35% equity stake, will retain IGBs as a listed entity on Bursa Malaysia.

Goldis dropped five sen or 1.9% to RM2.65, while IGB Corp gained one sen or 0.4% to RM2.89.