Malayan Banking Berhad ("Maybank")proposed acquisition of up to 100% of Pt Bank Internasional Indonesia Tbk ("BII") pursuant To:(a) proposed acquisition of the Entire equity interest in Sorak Financial Holdings Pte. Ltd. ("Sorak") Which Holds approximately 55.6% equity interest in BII 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 approximately 44.4% 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 For A Total Cash Consideration of Up to approximately RP11.6 Trillion Or the Equivalent Of Approximately RM4.0 Billion.collectively Referred To As The "Proposal"

May 15, 2008 Back
Type Announcement
Subject MALAYAN BANKING BERHAD (“MAYBANK”)

PROPOSED ACQUISITION OF UP TO 100% OF PT BANK INTERNASIONAL INDONESIA TBK (“BII”) PURSUANT TO:

(A) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN SORAK FINANCIAL HOLDINGS PTE. LTD. (“SORAK”) WHICH HOLDS APPROXIMATELY 55.6% EQUITY INTEREST IN BII 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 APPROXIMATELY 44.4% 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 FOR A TOTAL CASH CONSIDERATION OF UP TO APPROXIMATELY RP11.6 TRILLION OR THE EQUIVALENT OF APPROXIMATELY RM4.0 BILLION.

COLLECTIVELY REFERRED TO AS THE “PROPOSAL”
Contents We refer to the announcement made on 29 April 2008 in relation to the notice of Extraordinary General Meeting (“EGM”) dated 30 April 2008.

On behalf of the Board of Directors of Maybank, Aseambankers Malaysia Berhad is pleased to announce that the shareholders of Maybank have approved the resolution in respect of the Proposal at the EGM held today.

This announcement is dated 15 May 2008.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 15 May 2008  
Category General Announcement
Reference No CU-080514-37761