Malaysia’s CIMA says Vicat’s offer for units remains valid until Jan 30

Malaysia’s CIMA says Vicat’s offer for units remains valid until Jan 30
Published: 18 December 2006

An offer by French cement firm Vicat to acquire equity interests in five of Cement Industries of Malaysia Bhd (CIMA)’s units will remain valid until Jan 30, CIMA told Bursa Malaysia in a short statement.  
 
In July, the company said it had received a fresh offer from Vicat regarding the acquisition for controlling stakes in CIMA’s units Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd.  
 
Both parties earlier failed to reach an agreement before the expiry date when a first offer, which was made in March, lapsed on June 1.