Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | MALAYAN BANKING BERHAD (“MAYBANK”) (I) PROPOSED ACQUISITION BY KIM ENG HOLDINGS LIMITED (“KIM ENG”), A SUBSIDIARY OF MAYBAN IB HOLDINGS SDN. BHD. (FORMERLY KNOWN AS ASEAM CREDIT SDN. BHD.) (“MAYBAN IB HOLDINGS”), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MAYBANK, OF AN AGGREGATE OF 344,427,134 COMMON SHARES IN ATR KIMENG FINANCIAL CORPORATION (“ATR KE”), REPRESENTING APPROXIMATELY 32.24% OF THE TOTAL NUMBER OF ISSUED COMMON SHARES OF ATR KE (“PROPOSED ACQUISITION”); AND (II) MANDATORY TENDER OFFER FOR ALL THE REMAINING ATR KE SHARES NOT ALREADY OWNED, CONTROLLED OR AGREED TO BE ACQUIRED BY KIM ENG |
On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Kim Eng, a subsidiary of Mayban IB Holdings, which in turn is a wholly-owned subsidiary of Maybank, had on 29 June 2011 entered into a conditional sale and purchase agreement (“CSPA”) with ATR Holdings, Inc. (“ATRH”) in relation to the sale by ATRH, and the purchase by Kim Eng, of 344,427,134 issued common shares in ATR KE, representing approximately 32.24% of the total number of issued common shares of ATR KE (“ATR KE Shares”). The execution of the CSPA will trigger an obligation by Kim Eng to undertake a mandatory tender offer for the ATR KE Shares other than those already owned, controlled or agreed to be acquired by Kim Eng (“MTO”). The Proposed Acquisition and the MTO are collectively known as the “Proposed Transaction”. Please refer to the attached acquisition and mandatory tender offer announcement for further details of the Proposed Transaction.The directors of Mayban IB Holdings and Maybank (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, in relation to Kim Eng), the sole responsibility of the directors of Mayban IB Holdings and Maybank has been to ensure through reasonable enquiries that such information has been accurately and correctly extracted from such sources or, as the case may be, reflected or reproduced in this Announcement. This Announcement is dated 29 June 2011. |
Company Name | MALAYAN BANKING BERHAD |
Stock Name | MAYBANK |
Date Announced | 29 Jun 2011 |
Category | General Announcement |
Reference No | MI-110628-64540 |