UMW shares to be delisted on Feb 19 post-takeover
PETALING JAYA: The entire issued share capital of UMW Holdings Bhd will be removed from the official list of Bursa Malaysia on Feb 19, 2024.

In a filing with Bursa Malaysia yesterday, the company said the delisting exercise, which marks the completion of its privatisation by Sime Darby Bhd , was under paragraph 16.07(a) of the Main Market Listing Requirements.

UMW shares were already suspended by Bursa Malaysia on Feb 9, 2024 following the expiry of five market days from the extended closing date of the takeover offer by Sime Darby.

Sime Darby previously extended the closing date for its RM5 per share offer to take UMW private to Jan 31, 2024 about two weeks later than the original deadline of Jan 17, 2024.

As at Jan 31, 2024, Sime Darby already held 98.86% of the total shares in UMW, according to a statement by CIMB Investment Bank Bhd, on behalf of Sime Darby. On the same date, UMW applied to Bursa Malaysia to withdraw its listing status. — Bernama
Corporate News,UMWdelisting,BursaMalaysia,SimeDarbyTakeover,Privatisation
The entire issued share capital of UMW Holdings Bhd will be removed from the official list of Bursa Malaysia on Feb 19, 2024.