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

Sep 22, 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, 20 June 2011, 23 June 2011, 28 June 2011, 5 July 2011, 25 July 2011 and 29 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, 5 July 2011, 25 July 2011 and 29 July 2011 in relation to the above.

On behalf of the Board of Directors of Maybank, Maybank Investment Bank Berhad wishes to announce that on 22 September 2011, Mayban IB Holdings and its wholly-owned subsidiary, Kim Eng, have respectively submitted Form 246-2 in relation to the completion of the internal restructuring (“Internal Restructuring”) whereby Mayban IB Holdings has transferred all the 159,320,319 Kim Eng Securities (Thailand) Public Company Limited (“KEST”) shares, representing approximately 27.99% of the total paid-up KEST shares (“KEST Stake”) to Kim Eng. Mayban IB Holdings had acquired the KEST Stake pursuant to acceptances of the Thai Tender Offer.

Post completion of the Internal Restructuring, the Mayban IB Holdings group's aggregate shareholding in KEST of approximately 83.74% remains unchanged.

Please refer to the attached announcement by KEST and Forms 246-2 for further details.

 

This Announcement is dated 22 September 2011.

 


Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 22 Sept 2011  
Category General Announcement
Reference No MI-110922-61255

Attachments

  1. MAYBANK220911a.pdf (Size: 14,585 bytes)
  2. MAYBANK220911b.pdf (Size: 136,671 bytes)
  3. MAYBANK220911c.pdf (Size: 625,447 bytes)