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of <h1>90% shareholding takeover triggers squeeze-out/sell-out: majority must buy minority shares at valuer price, deposit funds, pay timely.</h1> Where an acquirer (including persons acting in concert) or any person/group becomes the registered holder of 90% or more of a company's issued equity share capital, including through amalgamation, share exchange or conversion, it must notify the company of its intention to buy the remaining equity shares, and must offer to purchase minority shares at a price determined by valuation by a registered valuer under prescribed rules, enabling a statutory squeeze-out. Minority shareholders may also require the majority to buy their shares at the similarly determined price, enabling a statutory sell-out. The majority must deposit the consideration in a separate company-operated bank account for at least one year and disburse payments within 60 days, with continued availability up to one year; the company acts as transfer agent, may complete transfer on non-delivery, and must share any higher negotiated transfer consideration pro rata with minority shareholders.
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