PETALING JAYA: Rex Industry Bhd
’s takeover offer by its new major shareholder for the company’s remaining shares and warrants has turned unconditional, after the group’s shareholding surpassed the 50% threshold.
In a filing with Bursa Malaysia, the manufacturer and producer of halal canned food said its major shareholder, ETA Industries Sdn Bhd, together with Lim Chin Hui and persons acting in concert, collectively held a 52.22% stake or 343.45 million Rex shares as at 5pm on Wednesday.
Lim is the chief executive officer and controlling shareholder of ETA Industries.
Additionally, they also hold 39.18% or 21.28 million of Rex Industry's warrants.
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