Adventa Bhd’s board has received an offer letter from Aspion Sdn Bhd to acquire all of the business and undertakings, including all assets and liabilities, of the former for RM320.85mil or RM2.10 per share.
It told Bursa Malaysia that the ultimate and indirect shareholders of Aspion were Adventa’s present CEO Low Chin Guan and Mulberry Asia Fund II L.P., with 30% and 70% equity interests respectively. Low is also a major shareholder of Adventa, holding a 38.25% direct equity interest.
Pending all requisite approvals, Aspion also proposes that Adventa will declare a distribution of at least RM1.70 per Adventa share to all shareholders of Adventa.
Source: www.thestar.com.my
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