DKSH submits offer to completely take-over its subsidiary DKSH Holdings (Malaysia) Berhad
Last update on Jan 7, 2026
DKSH, through its 100%-owned subsidiary DKSH resources, has submitted an offer to the Board of Directors of DHMB to take over the remaining outstanding 25.7% of shares currently owned by minority shareholders, thereby increasing its shareholding from currently 74.3% to 100.0%.
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Aiming to delist from Bursa Malaysian Stock exchange
DKSH aims to cancel the remaining shares held by minority shareholders through a Selective Capital Reduction (SCR) mechanism. The proposed SCR entails a selective capital reduction and a corresponding repayment of a proposed cash amount of RM 6.15 per ordinary share in DHMB held by minority shareholders of DHMB. The offer price corresponds to a 16.7% premium to the closing share price of RM 5.27 as at December 8, 2025. The capital repayment of the outstanding shares would result in a total cash outlay of approximately CHF 48.7 million for DKSH*.
DHMB has been listed on the Bursa Malaysian Stock exchange since 1994 and currently has a market capitalization of RM 830.9 million (CHF 162.3 million*). As part of DKSH’s ongoing efforts to simplify company structures, DKSH plans to subsequently delist DHMB from Bursa Malaysia. The planned take-private of DHMB will have no implications on current operations or DKSH’s long-term commitment to Malaysia.
The transaction is subject to DHMB’s board of directors accepting to table the offer to the minority shareholders, minority shareholder approval of the offer, and granting of the High Court order for the implementation of the SCR. Subject to these steps, the process of implementation is expected to be finalized in the second or third quarter of 2026.
* Assuming an exchange rate of 1 CHF to 5.12 RM