Where an offeror or offeror and persons acting in concert:
(a) made an offer for all the shares in an offeree company; and
(b) have received acceptances of 90% or more of the offer shares of the offeree company,
the offeror, may within three months beginning immediately after the day on which the offer receives 90% or more acceptances, acquire the remaining shares of the offeree company, by issuing a notice for compulsory acquisition, in the form or manner specified by the CBB (Appendix E of Part B of Volume 6), to all the dissenting shareholders subject to TMA-3.4.9.
Added: January 2022
