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PETALING JAYA (June 16): Batu Kawan Bhd has submitted an application to the Securities Commission Malaysia (SC) for a ruling to modify the basis of determining the offer price under its proposed mandatory offer (MO), if triggered, for MKH One Properties Sdn Bhd (MKHOP), as part of its broader suite of corporate proposals involving MKH-related entities.
In a Bursa filing yesterday, the company said Maybank Investment Bank Bhd, acting on behalf of the board, submitted the application on June 12, 2026 pursuant to subsection 217(4) of the Capital Markets and Services Act (CMSA). The application seeks to modify the basis of determining the MKHOP offer price for the possible MO under note 7(a) to paragraph 6.03 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions.
The proposals were first announced on May 20 and subsequently updated on May 28 and June 9, and encompass the MKH acquisition, MKHOP Acquisition 1 and MKHOP Acquisition 2, a proposed MKH acquisition, a proposed MO and a possible MO.
No further details on the outcome of the SC application were disclosed.
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