Hexza seeks SC exemption as Foong family stake may pass 33pc
Hexza Corp Bhd is seeking an exemption for the Foong family from making a mandatory general offer after its dividend reinvestment plan could lift their collective stake above the 33 per cent takeover threshold. The family holds 32.94 per cent and could reach up to 35.36 per cent if major shareholders reinvest fully while others take cash. The exemption needs Securities Commission approval and a nod from non-interested shareholders at an EGM.