-- Concrete Engineering Products (KLSE:CEPCO) received an unconditional mandatory take-over offer from YTL Cement (KLSE:YTLCMT), to sell its remaining shares not already owned by the latter.
The offer is priced at 2.60 ringgit per share and will be fully in cash, according to a Wednesday Malaysian bourse filing.
The move follows YTL Cement's existing stake in the company, triggering a mandatory general offer for remaining shareholders.
The offer document was dispatched on April 22, with the acceptance period running until May 13 at 5 pm, the filing said.