AYS Ventures Associate Moves to Acquire Remaining CosmoSteel Shares

MT Newswires

2025/09/17

AYS Ventures' (KLSE:AYS) associate 3HA Capital, through its offeror vehicle, has exercised its right of compulsory acquisition to buy all remaining shares in CosmoSteel (SGX:B9S) at SG$0.25 per share.

The move follows the close of its voluntary conditional cash offer on Aug. 1, which saw the free float requirement fall below the minimum threshold, according to a Wednesday Malaysian bourse filing.

Dissenting shareholders will be paid either via direct crediting through CDP or by cheque, depending on how their shares are held.

Upon completion, CosmoSteel will become a wholly owned unit of 3HA Capital.

The company will announce the date and time of delisting in due time.

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