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

Sep 29, 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”.
Aseambankers Malaysia Berhad, on behalf of Maybank wishes to announce that Bursa Malaysia Securities Berhad has approved the Company’s request for a suspension of trading of its securities from 9.00 a.m. to 5.00 p.m. on 29 September 2008 pending an announcement on the latest status of the proposed acquisition by Maybank of up to 100% of PT Bank Internasional Indonesia TBK.

This announcement is dated 29 September 2008.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 29 Sept 2008  
Category General Announcement
Reference No CU-080929-32034