Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions

Jun 23, 2011 Back
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description MALAYAN BANKING BERHAD (“MAYBANK”)

(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, 10 May 2011, 11 May 2011, 23 May 2011 and 20 June 2011 unless otherwise stated.)

We refer to the announcements dated 6 January 2011, 12 January 2011, 5 May 2011, 10 May 2011, 11 May 2011, 23 May 2011 and 20 June 2011 in relation to the above.

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that CNS has on 23 June 2011 submitted Form 247-6 Gor, announcing the final Offer Period (which cannot be further extended), amendment to the terms of the Tender Offer Document and final offer (which cannot be further amended), to the SEC and the SET, in relation to the Thai Tender Offer. The last day of the Thai Tender Offer period is on Monday, 18 July 2011 and will not be extended further. In addition, the last day that the shareholders may revoke their tendered shares has been extended from 20 June 2011 to 8 July 2011 and the final tender offer price remains unchanged at Baht16.00 (equivalent to approximately RM1.5856, at the exchange rate of Baht100 : RM9.91, as at 11 May 2011 Source: Bloomberg) for each share in KEST. The Form 247-6 Gor has also been despatched to the shareholders of KEST on 23 June 2011.

Please refer to the attached Form 247-6 Gor for details on the announcements made by CNS on the SEC and the SET respectively.

This Announcement is dated 23 June 2011.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 23 Jun 2011  
Category General Announcement
Reference No MI-110623-56065

Attachments

  1. MAYBANK230611.pdf (Size: 152,685 bytes)