AYS Ventures Associate Moves to Acquire Remaining CosmoSteel Shares
MT Newswires
Sep 17, 2025
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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