Superior Pavillion extends takeover offer on Jetson (ext: Edge)

Superior Pavillion Sdn Bhd (SPSB) has extended a takeover offer to acquire the entire stake in], after owning more than 33% stake in the former.
In an announcement to Bursa Malaysia, AmInvestment Bank Bhd, which is acting on behalf of SPSB and Odyssey Wealth Sdn Bhd (OWSB), said SPSB had extended a takeover offer to acquire the entire stake in KJB, irredeemable convertible unsecured loan stocks 2002/2012 (ICULS) and warrants issued by KJB.
SPSB yesterday had crossed the 33% stake ownership mark in KJB, which in turn triggered a takeover offer on the company, after acquiring 33.15% stake from KJB’s controlling shareholders for RM12.25 million or 70 sen per share.
SPSB and OWSB will offer to pay 70 sen per share for the remaining shares they did not own, 65 sen per ICULS and 1 sen for the warrant each.
Upon the completion of the takeover exercise, KJB’s listing status would still be retained.