Malaysia's GHL Systems (KLSE:GHLSYS) received an offer from NTT DATA Japan (TYO:9613) to sell its remaining stake not already owned by the Japanese firm at 1.08 ringgit per share, according to a Tuesday Malaysian bourse filing.
The unconditional mandatory takeover offer was triggered after the Japanese information technology company acquired 58.73% stake in the Malaysian IT service management company.
The offer period is valid from June 18 to July 9, the filing noted.
Shares of GHL Systems slid marginally in Malaysia recently.
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