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

Jul 25, 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 APPROXIMATELY 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, 20 June 2011, 23 June 2011, 28 June 2011 and 5 July 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, 20 June 2011, 23 June 2011, 28 June 2011 and 5 July 2011 in relation to the above.

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Mayban IB Holdings has on 25 July 2011 submitted Form 256-2, reporting the final result of the Thai Tender Offer, to the SEC and the SET.

Following the close of the Thai Tender Offer on 18 July 2011, Mayban IB Holdings received valid acceptance of approximately 27.99% of KEST shares. As such, the Mayban IB Holdings group's aggregate shareholding in KEST is approximately 83.74%.

Please refer to the attached Form 256-2 for further details.

This Announcement is dated 25 July 2011.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 25 Jul 2011  
Category General Announcement
Reference No MI-110725-60130

Attachments

  1. MAYBANk250711.pdf (Size: 80,161 bytes)