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Provider: Reuters Investment Profile
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$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Semperit Holding AG Increases Stake in Latexx Partners Berhad


Wednesday, 21 Nov 2012 09:08am EST 

Semperit Holding AG (Semperit) announced that it has completed the acquisition of all shares and warrants of Mr. Low Bok Tek and certain shareholders. Semperit has secured a stake in Latexx Partners Berhad (Latexx Partners) of more than 83% on a diluted basis of 274.7 million shares (post potential exercise of all warrants) and more than 80% based on an undiluted basis of 222.7 million shares. Semperit intends to start the necessary steps for delisting as soon as practicable after the end of the offer period. The offer for all outstanding shares and warrants of Latexx Partners is being made via Semperit Investments Asia Pte Ltd, a wholly-owned subsidiary of Semperit. The offer period will end on November 23, 2012. 

Company Quote

35.3
-0.345 -0.97%
6:04am EDT