| Type | Announcement |
| Subject | Malayan Banking Berhad - Unconditional Mandatory Offer By Mayban Assurance Berhad To Acquire The Remaining 10,406,519 Ordinary Shares Of RM1.00 Each In UMBC Insurans Berhad At RM2.9166 Per Share ("Mandatory Offer") |
As at 5.00 p.m. today, MAB holds directly 38,687,087 ordinary shares in UMBCI representing approximately 80.60 % of the issued and paid-up share capital of UMBCI. The percentage of acceptance on the Mandatory Offer by the shareholders of UMBCI is approximately 2.28% of the issued and paid-up share capital of UMBCI or 1,093,606 ordinary shares of RM1.00 each in UMBCI. The remaining shareholders holding 9,312,913 ordinary shares of RM1.00 each or approximately 19.40% of the issued and paid-up share capital of UMBCI did not accept the Mandatory Offer .
As at 29 February 2000 (being the latest practicable date immediately prior to the dispatch of the Offer Letter), MAB has a direct interest of 37,593,481 ordinary shares in UMBCI, representing approximately 78.32% of the issued and paid-up share capital of UMBCI. There are no shares in UMBCI which MAB has acquired or agreed to be acquired by MAB during the time of the offer period.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 21 Mar 2000 |
| Category | General Announcement |
| Reference No | CU-000321-37022 |