Dato Ong Choo Meng made an offer to acquire remaining 70.89% stake in Complete Logistic Services Berhad (KLSE:COMPLET) for approximately MYR 230 million on November 30, 2021. The consideration to be paid for all the share which are not already owned is MYR 2.5. As of date, Complete Logistic Services has 128.649 million issued shares and 0.133 million options outstanding. The offer is conditional upon Dato Ong Choo Meng holding minimum 50% stake.

The offer will remain open till 21 days from posting date or offer document release date. Offer will close on January 19, 2022. As of January 5, 2022, transaction became unconditional.

M&A Securities SDN BHD is acting as a principal adviser to Dato Ong.