Batu Kawan Berhad’s RM209 Million Takeover of Chemical Company of Malaysia Berhad

Allen & Gledhill advised Batu Kawan Berhad on the transaction.

Batu Kawan Berhad (KLSE:BKAWAN), after the acquisition of 56.32% equity interest in Chemical Company of Malaysia Berhad, announced the subsequent mandatory take-over offer for the remaining shares in CCM not already owned by BKB together with the compulsory acquisition of the minority shares in CCM for a total cash consideration of RM209 million.

BKB is an investment holding company with subsidiaries and associates involved in chemical manufacturing, transportation, property investment, investment holding and plantations.

Chemical Company of Malaysia Berhad is one of the leading manufacturer for chemicals and polymer coatings in the country. Our mission is to provide innovative science and technology based solutions to our consumers via our wide range of products and services.

The Allen & Gledhill team comprised of Partners Moy Pui Yee (Picture) and Yeo Tze Lin. 

Involved fees earner: Moy Pui Yee – Rahmat Lim & Partners; Yeo Tze Lin – Rahmat Lim & Partners;

Law Firms: Rahmat Lim & Partners;

Clients: Batu Kawan Berhad ;

Author: Sonia Carcano