Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | (I) ACQUISITION BY MAYBAN IB HOLDINGS SDN. BHD. (FORMERLY KNOWN AS ASEAM CREDIT SDN. BHD.) (“MAYBAN IB HOLDINGS”), A WHOLLY-OWNED SUBSIDIARY OF MAYBANK, OF AN AGGREGATE OF 257,559,264 ORDINARY SHARES IN KIM ENG HOLDINGS LIMITED (“KIM ENG”), REPRESENTING 44.63% OF THE ISSUED SHARE CAPITAL OF KIM ENG (II) MANDATORY UNCONDITIONAL CASH OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN THE CAPITAL OF KIM ENG OTHER THAN THOSE ALREADY OWNED BY MAYBAN IB HOLDINGS, ITS RELATED CORPORATIONS AND THEIR RESPECTIVE NOMINEES |
(For consistency, the abbreviations used hereafter throughout this Announcement shall have the same meanings as defined in the announcements dated 6 January 2011, 12 January 2011, 5 May 2011 and 10 May 2011 unless otherwise stated.) We refer to the announcements dated 6 January 2011, 12 January 2011, 5 May 2011 and 10 May 2011 in relation to the above. On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Capital Nomura Securities Public Company Limited (“CNS”) has on 11 May 2011 submitted Form 246-2 to the Securities and Exchange Commission of Thailand (“SEC”) and the Stock Exchange of Thailand (“SET”) in relation to the acquisition of securities. CNS has also announced, on behalf of Mayban IB Holdings, the intention of Mayban IB Holdings to make the Thai Tender Offer (Form 247-3) at an offer price of Baht16.00 (equivalent to approximately RM 1.5856, at the exchange rate of Baht100 : RM9.91, as at 11 May 2011 Source: Bloomberg) for each share in Kim Eng Securities (Thailand) Public Company Limited. Please refer to the attachments for further details of the filings made with the SEC and the SET in relation to the acquisition of securities and the announcement made on the SET in relation to the Thai Tender Offer. This Announcement is dated 11 May 2011.
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Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 11 May 2011 |
Category | General Announcement |
Reference No | MI-110511-65368 |