MALAYAN BANKING BERHAD ("MAYBANK")(I) PROPOSED ACQUISITION BY ASEAM CREDIT SDN BHD ("ACSB"), A WHOLLY-OWNED SUBSIDIARY OF MAYBANK, OF AN AGGREGATE OF 257,559,264 ORDINARY SHARES IN KIM ENG HOLDINGS LTD ("KIM ENG"), REPRESENTING 44.63% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KIM ENG (II) POSSIBLE MANDATORY CONDITIONAL CASH OFFER FOR ALL THE REMAINING ORDINARY SHARES OF KIM ENG NOT ALREADY OWNED BY ACSB, ITS RELATED CORPORATIONS AND THEIR RESPECTIVE NOMINEES SUBJECT TO THE FULFILMENT OF THE PRE-CONDITION AS DEFINED HEREIN

Jan 06, 2011 Back
Type Announcement
Subject MALAYAN BANKING BERHAD (“MAYBANK”)

(I) PROPOSED ACQUISITION BY ASEAM CREDIT SDN BHD ("ACSB"), A WHOLLY-OWNED SUBSIDIARY OF MAYBANK, OF AN AGGREGATE OF 257,559,264 ORDINARY SHARES IN KIM ENG HOLDINGS LTD (“KIM ENG”), REPRESENTING 44.63% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KIM ENG

(II) POSSIBLE MANDATORY CONDITIONAL CASH OFFER FOR ALL THE REMAINING ORDINARY SHARES OF KIM ENG NOT ALREADY OWNED BY ACSB, ITS RELATED CORPORATIONS AND THEIR RESPECTIVE NOMINEES SUBJECT TO THE FULFILMENT OF THE PRE-CONDITION AS DEFINED HEREIN
Contents On behalf of the Board of Directors (“Board”) of Maybank, Maybank Investment Bank Berhad wishes to announce that the Board of Maybank has resolved to undertake the abovementioned proposals.

Please refer to the announcement and press release for further details.

This announcement is dated 6 January 2011.

 


 

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 6 Jan 2011  
Category General Announcement
Reference No MI-110106-37163

Attachments

  1. MAYBANK060111a.pdf (Size: 317,357 bytes)
  2. MAYBANK060111b.pdf (Size: 101,972 bytes)