PETALING JAYA: OSK Holdings Bhd (OSKH) has crossed the 90% shareholding threshold to take PJ Development Holdings Bhd (PJ Dev) private in the company’s latest takeover offer.

In a filing with Bursa Malaysia, RHB Investment Bank Bhd said that OSKH had acquired 4.292 million PJ Dev shares and 3.998 million of its warrants from Sept 1 to Sept 5, raising its shareholding to 90.11% of the developer’s paid-up capital (excluding treasury shares) and 70.61% of the total outstanding warrants. On Aug 30, OSKH said it was making a cash takeover offer of RM1.50 per share for the remaining PJ Dev shares it did not own and 50 sen per warrant.