| 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 Bank Indonesia (“BI”) had via its letter dated 21 July 2008 informed BII that in relation to the relevant regulations of BI governing the Fit and Proper Test, BI had approved the following:-
(i) Maybank as the ultimate shareholder of BII in relation to the Proposed Acquisition; and
(ii) Mayban Offshore Corporate Services (Labuan) Sdn. Bhd. (“Mayban Offshore”) as a controlling shareholder of BII in relation to the Tender Offer by Maybank through Mayban Offshore, in the event that Mayban Offshore is able to acquire 25% or more of the equity interest in BII owned by the public.
This announcement is dated 22 July 2008.
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 22 Jul 2008 |
| Category | General Announcement |
| Reference No | CU-080722-65486 |