Malayan Banking Berhad ("Maybank" Or "Company")

Oct 10, 2008 Back
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"
Further to the announcement dated 7 October 2008, wherein Maybank announced that it has entered into agreements with certain shareholders of BII to acquire a minimum of 7,947,019,338 shares in BII at a price of Rp433 per share, Aseambankers Malaysia Berhad on behalf of the Company, is pleased to announce that the Company has today completed the acquisition of 7,947,019,338 shares in BII.

With the completion of this acquisition, Maybank now holds approximately 71.86% equity interest in BII.

This announcement is dated 10 October 2008.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 10 Oct 2008  
Category General Announcement
Reference No CU-081010-60883