The propose Renounceable Offer for Sale (OFS) by Time of its entire equity interest in Timedotcom to its shareholders has today received the approval from SC as announced.
Time has proposed to undertake a renounceable offer for sale its 626.18 million shares in Time dotcom Bhd (TdC) to Time shareholders on the basis of eight offer shares for every 10 shares held in Time.
The offer price would be not less than 20% to the five-day volume weighted average market price up to the day prior to the price-fixing date. However, it shall not be less than 48 sen per offer share.
Time has proposed to undertake a renounceable offer for sale its 626.18 million shares in Time dotcom Bhd (TdC) to Time shareholders on the basis of eight offer shares for every 10 shares held in Time.
The offer price would be not less than 20% to the five-day volume weighted average market price up to the day prior to the price-fixing date. However, it shall not be less than 48 sen per offer share.
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