Supply Chain
DKSH takeover bid stalls as minority shareholders block full control of DHMB
The proposed buyout, priced at RM 6.15 per ordinary share, came with a 16.7% premium over the stock’s last trading day before the offer
-
By ICN Bureau | April 05, 2026
Swiss market expansion services leader DKSH’s bid to take full control of Malaysia's DHMB has hit a decisive roadblock after minority shareholders pushed back against its takeover offer, casting uncertainty over the company’s next move.
On December 9, 2025, DKSH, through its subsidiaries, submitted an offer to the Board of Directors of DHMB to take-over the remaining 25.7% of shares of DHMB currently owned by minority shareholders to increase its current shareholding from 74.3% to 100.0%.
The proposed buyout, priced at RM 6.15 per ordinary share, came with a 16.7% premium over the stock’s last trading day before the offer—an incentive the company hoped would seal the deal. Backing the move, the Non-Interested Directors had recommended that minority shareholders vote in favor of the offer.
But the outcome has forced DKSH to pause and reassess.
DKSH acknowledges the result of the vote and will evaluate possible future courses of action. The operations of DHMB will continue as usual and DKSH’s long term commitment to Malaysia remains unchanged, as per the company.
With the takeover plan stalled, attention now turns to DKSH’s next step—and whether it will return with a revised strategy to win over remaining shareholders.
,_BPCL_.jpg)
