KUALA LUMPUR, Oct 12 (Bernama) -- Prosper Trading Sdn Bhd (PTSB) and its joint ultimate offerors will make a conditional mandatory take-over offer for the remaining 52.34 per cent stake in United Malacca Bhd (UMB) at RM6.10 per share to fulfil an outstanding takeover obligation dating back to September 2024.
Business : Prosper Trading To Make RM6.10-A-Share Takeover Offer For United Malacca
Prosper Trading, United Malacca, mandatory take-o
BE Bernama 
Key points
- UMB said in a filing with Bursa Malaysia that the offer covers 109.80 million shares not already held by the offeror, joint ultimate offerors and persons acting in concert (PACs).
- The obligation arose on Sept 26, 2024, when their collective shareholdings in UMB rose to 33.70 per cent from 32.63 per cent, exceeding the 33 per cent threshold under takeover rules.
- The issue was identified during a review of historical shareholdings carried out in conjunction with Prosper Trading’s acquisition of 28.18 million UMB shares, representing a 13.44 per cent stake, from Great Eastern Life Assurance (Malaysia) Bhd on Oct 12, 2026.
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