ASTRO: Compulsory acquisition in two months

Astro Holdings Sdn Bhd (AHSB) will now exercise its right to compulsorily acquire all remaining shares in Astro All Asia Networks PLC after successfully crossing the 90% acceptance threshold last Thursday. The company intends to complete the process within two months via its advisor CIMB Investment Bank Bhd. AHSB does not intend to maintain the listing status of Astro. AHSB’s offer for the remaining Astro shares will remain open till end of trading day Jun 3 unless extended further by the acquirer after which the offer will become unconditional. (Malaysian Reserve)