CIMB Investment Bank, in a statement on behalf of NTTD Japan, said given that NTTD Japan now holds more than 90% of GHL’s issued shares and does not intend to maintain GHL’s listing status, Bursa Malaysia Securities will suspend the trading of GHL’s shares on the expiry of five market days from the closing date.

“The closing date, unless extended further, is July 9, and the takeover offer to acquire GHL’s shares for RM1.08 apiece will remain open for acceptance until 5pm that day,” said the investment bank.

Thereafter, CIMB said NTTD Japan would direct GHL to take the requisite steps to withdraw its listing status.

On May 27, the Japanese information technology company inked an unconditional agreement with several vendors to acquire a total of 670.44 million shares, representing 58.73% of GHL’s total issued shares, for RM724.075 million or RM1.08 per share.

Accordingly, it was obliged to extend the offer to acquire all the remaining shares in GHL.

GHL’s shares closed flat at RM1.07 each today, with 423,100 shares exchanging hands.