| Type | Announcement |
| Subject | MALAYAN BANKING BERHAD ("MAYBANK" OR "COMPANY") |
| Contents | PROPOSED ACQUISITION OF UP TO 100% EQUITY IN PT BANK INTERNASIONAL INDONESIA TBK ("BII") PURSUANT TO: (A) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SORAK FINANCIAL HOLDINGS PTE. LTD. ("SORAK") FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY INDONESIAN RUPIAH ("RP")13.9 TRILLION OR THE EQUIVALENT OF APPROXIMATELY RM4.8 BILLION ("PROPOSED ACQUISITION"); AND (B) TENDER OFFER BY MAYBANK ARISING FROM THE PROPOSED ACQUISITION FOR THE REMAINING EQUITY INTEREST IN BII NOT OWNED BY SORAK AND ANY NEW ORDINARY SHARES IN BII THAT MAY BE ISSUED PURSUANT TO THE EXERCISE OF OPTIONS UNDER BII’S EMPLOYEE SHARE OPTION PLAN TO BE SATISFIED IN CASH ("TENDER OFFER"). COLLECTIVELY REFERRED TO AS THE "PROPOSAL" |
On behalf of the Company, Aseambankers Malaysia Berhad is pleased to announce that Mayban Offshore Corporate Services (Labuan) Sdn Bhd ("MOCS"), a wholly-owned subsidiary of Maybank, has today commenced a tender offer to acquire all the remaining shares of BII, being owned by the public shareholders, which are not sold by the public shareholders through open market, and any new ordinary shares in BII that may be issued pursuant to the exercise of options under BII’s Employee Share Option Plan, at a tender offer price of Rp.510 per share (collectively, the "Offer").
The Offer will expire at 4.00 p.m., Indonesian Western time, on 19 November 2008.
This announcement is dated 21 October 2008.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 21 Oct 2008 |
| Category | General Announcement |
| Reference No | CU-081021-64407 |