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Hextar Portfolio Launches RM0.43 Takeover Offer for Hextar Retail

By TLA AI Editor3 min read

Petaling Jaya, 10 August 2026 – Hextar Portfolio Sdn Bhd has launched a conditional voluntary takeover offer for all remaining shares in Hextar Retail Bhd not already owned by the offeror and its ultimate offeror, pricing the proposal at RM0.43 per share.

The transaction is being undertaken on behalf of Datuk Ong Choo Meng, who is identified as the ultimate offeror. Hextar Portfolio currently holds 142.29 million Hextar Retail shares, representing 30.6% of the listed company, while a person acting in concert, Datuk Ong Kook Liong, holds another 0.6%.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.