PT International Development (HKG:0372) said a cash offer by Marching Great to acquire all the company's issued shares has become unconditional, a Friday Hong Kong bourse filing said.
The offeror received valid acceptances for a total of 64,729,940 shares under the offer, representing around 21.38% of the commodities trader's entire issued share capital.
Immediately before April 3, the offer and its concert parties are interested in a total of 88.2 million shares, or 29.13% in the company.
If the transfer of the 64,729,940 shares to Marching Great is completed successfully, the offeror will hold 152,929,940 shares, or 50.51% in the company.
The takeover offer will remain open for acceptance until May 22.
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