According to a filing with Bursa Malaysia on behalf of the consortium, AmInvestment Bank said the new deadline is 5pm on Jan 17. The previous deadline was 5pm on Jan 8.

“Save for the extended closing date, all other details, terms and conditions of the offer as set out in the offer document, including the offer price (i.e. RM11 per MAHB share) and the acceptance condition (i.e. 90% of the total issued MAHB shares) remain unchanged,” said the filing.

GDA comprises EPF, Khazanah Nasional Bhd-backed UEM Group Bhd, Abu Dhabi Investment Authority, and BlackRock-owned Global Infrastructure Partners.

According to the filing, GDA holds 70.1% in MAHB as of 5pm today.

Last month, five MAHB independent or non-interested directors said in an advice circular filed with Bursa that the offer is unfair and unreasonable and recommended that shareholders reject it.

They said the offer price of RM11 represents a material discount of RM1.61 to RM2.71, or about 12.77% to 19.77% of the value of MAHB shares of between RM12.61 and RM13.71, as estimated by Hong Leong Investment Bank.

The Public Accounts Committee has since said it will investigate the management of airports, including the proposed takeover of MAHB, following the complaint by the five independent MAHB directors.