COMPULSORY ACQUISITION BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, OF ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MNI HOLDINGS BERHAD ("MNIH") NOT ALREADY OWNED BY MAYBAN FORTIS ("MNIH SHARES") AT A CASH OFFER PRICE OF RM4.02 PER MNIH SHARE

May 17, 2006 Back
Type Announcement
Subject MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY")

COMPULSORY ACQUISITION BY MAYBAN FORTIS HOLDINGS BERHAD ("MAYBAN FORTIS"), A 70%-OWNED SUBSIDIARY OF MAYBANK, OF ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MNI HOLDINGS BERHAD ("MNIH") NOT ALREADY OWNED BY MAYBAN FORTIS ("MNIH SHARES") AT A CASH OFFER PRICE OF RM4.02 PER MNIH SHARE

Contents :

On 29 March 2006, Aseambankers Malaysia Berhad ("Aseambankers"), on behalf of Mayban Fortis, had announced that in accordance with the provisions of Section 34 of the Securities Commission Act, 1993 ("SC Act"), Mayban Fortis had despatched a notice to the dissenting shareholders of MNIH stating its desire to acquire the remaining MNIH Shares held by the said dissenting shareholders.

On behalf of Mayban Fortis, Aseambankers wishes to announce that the compulsory acquisition of all the remaining MNIH Shares not already owned by Mayban Fortis from the dissenting shareholders of MNIH pursuant to Section 34 of the SC Act was completed on 17 May 2006.

This announcement is dated 17 May 2006.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 17 May 2006  
Category General Announcement
Reference No CU-060503-44064