| 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 |
(For consistency, the abbreviations used hereafter throughout this Announcement shall have the same meanings as defined in the announcement dated 29 June 2011, unless otherwise stated.) We refer to the announcement dated 29 June 2011 in relation to the above. On 29 June 2011, Kim Eng and ATRH signed a CSPA in relation to the Proposed Acquisition based on a purchase price of Php4.15 per ATR KE Share (“Purchase Price”). The Purchase Price may be subject to adjustment depending on the quarterly financial results released during the intervening period between the date of the CSPA and the date prior to the closing of the Proposed Acquisition and the satisfactory limited review by the auditors of such result. On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that Kim Eng and ATRH have accordingly, agreed to adjust the Purchase Price from Php4.15 per ATR KE Share to Php4.38 per ATR KE Share, in relation to the Proposed Acquisition. Please refer to the attached announcement by ATR KE, for further details.This Announcement is dated 4 August 2011. |
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 4 Aug 2011 |
| Category | General Announcement |
| Reference No | MI-110804-59132 |