THE directors of WBL Corp yesterday expressed disappointment that its subsidiary Multi-Fineline Electronix (M-Flex) has not proceeded with the share offer for its sister company MFS Technology.

They noted that WBL's letter of undertaking related to the general offer had expired at the end of December.

M-Flex announced on Tuesday that it was still considering its response to a ruling by the Securities Industry Council to extend the deadline for the fulfilment of the general offer's pre-conditions to the end of March, from the end of last month.