CIMB Bank (KLSE:CIMB) has extended its voluntary unconditional cash offer for all shares of Second Chance Properties (SGX:528),

CIMB, on behalf of Final Chance Holdings, has secured acceptances for nearly 97.8% of the company's shares.

CIMB plans to exercise its right to compulsory acquisition under the Companies Act, having acquired or controlled over 90% of the shares. The offer closes on Sept. 27, after which an application for delisting will be submitted.