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MAXIM Global Bhd has received a mandatory takeover offer of 24 sen per share from its MD Tan Sri Gan Seong Liam, following his acquisition of a 15.54% stake for RM27.42 million.
The offer price represents an 11.11% discount to the last traded price of 27 sen on April 30 and is below the stock’s volume-weighted average prices over various periods.
The acquisition lifted Gan’s direct stake in Maxim Global Bhd to 37.33%, with his total deemed interest, including holdings by his children, rising to 60.37%.
This triggered a mandatory general offer under listing rules, potentially costing nearly RM70 million to acquire the remaining 39.63% stake.
Gan, along with joint offerors Gan Kuok Chyuan and Gan Kuok Wei, intends to maintain the company’s Main Market listing.
Operationally, Maxim Global has remained profitable, reporting a net profit of RM33.44 million on revenue of RM443.78 million for FY2025.
The post Maxim Bhd gets 24 sen takeover offer from MD Gan at discount to market appeared first on The Malaysian Reserve.
