UNCONDITIONAL MANDATORY GENERAL OFFER ("MGO") BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, FOR 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 24, 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 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 :

We refer to our announcement dated 3 January 2006 in relation to the offer document for the MNIB MGO that was despatched to the remaining shareholder of MNIB, and the announcement dated 23 January 2006.

On behalf of Mayban Fortis, Aseambankers Malaysia Berhad wishes to announce that the MNIB MGO has closed at 5:00 p.m. (Malaysian Time) on 24 January 2006 (“Closing Date”).

Sompo Japan Insurance Inc., being the only remaining shareholder in MNIB, has not accepted the MNIB MGO. Consequently, MNIH's shareholdings in MNIB remain at 98.59%.

This announcement is dated 24 January 2006.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 24 Jan 2006  
Category General Announcement
Reference No CU-060113-42746