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Minority shareholders of DKSH Holdings (Malaysia) Berhad reject takeover bid
At the extraordinary general meeting in Kuala Lumpur, the minority shareholders of DKSH Holdings (Malaysia) Berhad rejected the takeover bid by Swiss-based DKSH Holding.
The bid aimed to gain full control of the Malaysian subsidiary. On 9 December 2025, DKSH, through its subsidiaries, submitted an offer to the board of DHMB to acquire the remaining 25.7% of shares held by minority shareholders, increasing its stake from 74.3% to 100.0%. The takeover offer was approximately EUR 1.22 per ordinary share, representing a premium of 16.7% over the last trading day prior to the offer. The independent directors had recommended that minority shareholders vote in favour of the offer. DKSH has acknowledged the outcome of the vote and will consider possible future steps. DHMB’s operations will continue as usual, and DKSH reaffirms its long-term commitment to Malaysia.
By gaining full control of DHMB, the Swiss parent company sought to simplify the corporate structure and centralise its activities in the region. Malaysia is a significant market for DKSH, particularly in the areas of healthcare, consumer goods and performance materials.
DKSH is a leading provider of market expansion services, operating in 35 markets. The company, which generated revenue of approximately EUR 11.6 billion in 2025, pursues the goal of promoting sustainable growth and driving market innovation. With the rejection of the offer, DKSH’s market share in Malaysia remains at 74.3%, whilst minority shareholders continue to retain their position.
