Goodhope Asia Holdings Ltd. made an offer to acquire the remaining 16.8% stake in Shalimar (Malay) PLC (COSE:SHAL.N0000) for LKR 2,452 per share on May 17, 2023. The transaction is subject to shareholder and regulatory approval. As of September 15, 2023, Goodhope Asia Holdings Ltd decided to extend the Closing Date of the Exit Offer as defined in the Offer Document, from September 18, 2023 to October 10, 2023.