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Hextar Retail Takeover: Acceptances Jump From 35% to 62% in Two Weeks

RaymondRates.my2 min read

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Hextar Retail’s takeover offer moved fast this month. Datuk Ong Choo Meng’s stake jumped from 35.42% to 62.14% in two weeks, Bursa filings show, after the mandatory 43 sen offer crossed its 50% acceptance condition.

The stake, filing by filing

HEXTAR RETAIL — THE OFFEROR'S STAKE, FILING BY FILINGcombined direct + deemed interest, one scale, 10 Aug – 23 Sep 202610 Augoffer announced30.60%7 SepMGO triggered35.42%23 Seplatest filing62.14%50% combined interest was the acceptance condition the mandatory offer needed to succeed.
Datuk Ong Choo Meng and Hextar Portfolio Sdn Bhd's combined interest in Hextar Retail (7202), from Bursa substantial-shareholder filings via KLSE Screener.
  • The independent adviser recommended accepting the 43 sen cash offer, per the offerors' own Bursa notices.
  • The offerors won't force out holders who stay put — Hextar Retail keeps its Main Market listing either way.
  • 16.21 million shares changed hands in just two days, 22-23 September, right as the first closing date hit.

The price, before and after

A candlestick stock chart glowing on a dark trading screen
HEXRTL has traded within a sen of the 43 sen offer price since acceptances began pouring in — a market already pricing the deal as done.

This is the same filing-by-filing pattern as EPF's own CIMB and RHB buying — track Bursa ownership moves on the live heat list.

What to watch

  • By ~30 Nov 2026Hextar Retail's Q3 FY2026 results are due — Bursa gives every listed company two months from quarter-end to report.
  • OngoingThe offerors say they won't compulsorily acquire remaining shares even past that threshold — watch Bursa filings for the next acceptance update.
Not financial advice. This is general information on Hextar Retail Berhad's (7202) disclosed takeover offer, shareholding changes and closing prices, based on Bursa Malaysia filings and klsescreener.com as at 25-26 September 2026. It is not a recommendation to buy, hold, sell or tender any shares, and Rates.my does not issue price targets or forecasts. Confirm current filings and offer terms with your broker or the offer document before acting.

Sources & further reading

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Track HEXRTL and more on the live Bursa heat list

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