UNCONDITIONAL MANDATORY GENERAL OFFER ("MGO") BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, FOR:(A) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MNI HOLDINGS BERHAD ("MNIH") NOT ALREADY OWNED BY MAYBAN FORTIS AT A CASH OFFER PRICE OF RM4.02 PER MNIH ORDINARY SHARE ("MNIH MGO"); AND(B) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MALAYSIA NATIONAL INSURANCE BERHAD ("MNIB") NOT ALREADY OWNED BY MNIH AT A CASH OFFER PRICE OF RM6.83 PER MNIB ORDINARY SHARE ("MNIB MGO").

Jan 03, 2006 Back
Type Announcement
Subject MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY")

UNCONDITIONAL MANDATORY GENERAL OFFER ("MGO") BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, FOR:

(A) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MNI HOLDINGS BERHAD ("MNIH") NOT ALREADY OWNED BY MAYBAN FORTIS AT A CASH OFFER PRICE OF RM4.02 PER MNIH ORDINARY SHARE ("MNIH MGO"); AND

(B) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MALAYSIA NATIONAL INSURANCE BERHAD ("MNIB") NOT ALREADY OWNED BY MNIH AT A CASH OFFER PRICE OF RM6.83 PER MNIB ORDINARY SHARE ("MNIB MGO").

Contents :

On behalf of Mayban Fortis, Aseambankers Malaysia Berhad ("Aseambankers") wishes to announce that further to the letters from the Securities Commission ("SC") dated 30 December 2005 wherein the SC had stated that it did not have any objections to the contents of the respective offer documents in relation to the MNIH MGO and MNIB MGO ("Offer Documents"), the Offer Documents together with the Forms of Acceptance and Transfer have been despatched to the remaining shareholders of MNIH and MNIB ("Offer Holders") on 3 January 2006.

Offer Holders are reminded that the closing date of the MNIH MGO and MNIB MGO is 5:00 p.m. (Malaysian Time) on 24 January 2006, or such later date(s) as may be announced by Aseambankers on behalf of Mayban Fortis.

This announcement is dated 3 January 2006.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 3 Jan 2006  
Category General Announcement
Reference No CU-051229-51630