OREANDA-NEWS. May 30, 2012. Hitachi, Ltd. (TSE:6501) today announced the take-over offer for shares of eBworx Berhad (KLSE:EBWORX), a Malaysia-headquartered financial IT solutions company, which commenced on April 26, 2012 and all settlement for shares which were accepted by May 22, 2012 (98.23% of outstanding shares), has been completed and that eBworx is now consolidated as a subsidiary of Hitachi.

 Since Hitachi has acquired more than 90% of the outstanding shares of eBworx, Hitachi will proceed to compulsorily acquire all the remaining shares of eBworx not owned by Hitachi, under the Malaysian Code of Take-Overs and Mergers 2010, which will result in Hitachi having 100% ownership of eBworx.