Petaling Tin Berhad

KUALA LUMPUR (Aug 13): Petaling Tin Bhd will be delisted from the official list of Bursa Malaysia Securities Bhd, following the unconditional voluntary takeover of the loss-making property developer by gaming tycoon Tan Sri Dr Chen Lip Keong.
In a filing with the exchange today, Petaling Tin said its entire issued share capital will be removed from the official list with effect from Thursday.

KUALA LUMPUR: Petaling Tin Bhd said yesterday its shares will be suspended effective from Aug 3, following the takeover of the company by gaming tycoon Tan Sri Dr Chen Lip Keong.
The company announced last week that Chen had received valid acceptances in respect of the takeover offer, resulting in him holding more than 90% of the total voting shares.
As at last Thursday, the closing date of the offer, Chen held a total of 95.2% of Petaling Tin shares.
Chen has no intention to maintain the listing status of Petaling Tin, a loss-making property development company.

KUALA LUMPUR (July 31): Petaling Tin Bhd said today its shares will be suspended with effect from Friday, following the takeover of the company by gaming tycoon Tan Sri Dr Chen Lip Keong.
Petaling Tin announced last week that Chen has received valid acceptances in respect of the takeover offer, resulting in him holding more than 90% of the total voting shares.
As at July 26, which was the closing date of the offer, Chen held a total of 95.2% of Petaling Tin shares.

KUALA LUMPUR: Petaling Tin Bhd’s largest shareholder Tan Sri Dr Chen Lip Keong has extended his takeover offer for the remaining shares he does not own in the loss-making property development company by another two weeks, to 5pm on July 26.
In a filing with Bursa Malaysia yesterday, Petaling Tin said save for the extended closing date, all other details, terms and conditions of the offer remain unchanged.
The level of acceptance for Petaling Tin shares stood at 323.76 million or a 93.62% stake as at July 6.

KUALA LUMPUR (July 9): Petaling Tin Bhd's largest shareholder Tan Sri Dr Chen Lip Keong has extended his takeover offer for the remaining shares he does not own in the loss-making property development company by another 2 weeks, to 5pm on July 26.
In a filing with Bursa Malaysia today, Petaling Tin said save for the extended closing date, all other details, terms and conditions of the offer remain unchanged.
The level of acceptance for Petaling Tin's shares stood at 323.76 million or a 93.62% stake as at July 6.

KUALA LUMPUR: The unconditional voluntary takeover offer for Petaling Tin Bhd shares by largest shareholder Tan Sri Dr Chen Lip Keong is not not fair but is reasonable to minority shareholders, said Inter-Pacific Securities Sdn Bhd (InterPac).
As such, they should accept the offer, said InterPac in a circular filed with Bursa Malaysia. Gaming tycoon Chen is offering to buy the 34.58 million shares (a 9.98% stake) in Petaling Tin he does not own at 40 sen apiece or RM13.83 million in all.

KUALA LUMPUR (July 2): The unconditional voluntary takeover offer for Petaling Tin Bhd shares by largest shareholder Tan Sri Dr Chen Lip Keong is not fair but reasonable to the minority shareholders, says Inter-Pacific Securities Sdn Bhd (InterPac).
"Accordingly, we recommend that the holders accept the offer," InterPac said in a circular filed with Bursa Malaysia today.
Gaming tycoon Chen is offering to buy the 34.58 million shares (9.98% stake) in Petaling Tin that he does not own at 40 sen per share or a total of RM13.83 million.

KUALA LUMPUR (May 31): Petaling Tin Bhd's largest shareholder Tan Sri Dr Chen Lip Keong has launched a takeover of the loss-making property development company for RM13.83 million or 40 sen per share.
Chen, 70, now controls 90.002% or 311.25 million of Petaling Tin shares after acquiring 24.28 million shares today and is seeking to undertake an unconditional voluntary takeover offer to acquire the remaining 34.58 million shares or a 9.998% stake.