Take-Overs & Mergers (Chapter 11 Of Listing Requirements)

BackJan 28, 2014
Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description

MALAYSIA AICA BERHAD (“MAICA” OR “COMPANY”)

APPOINTMENT OF INDEPENDENT ADVISER IN RELATION TO THE UNCONDITIONAL TAKE-OVER OFFER BY TER EQUITY SDN BHD (“TER” OR THE “OFFEROR”) TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN MAICA NOT ALREADY OWNED BY THE OFFEROR AND PERSONS ACTING IN CONCERT WITH IT (“OFFER SHARES”) FOR A CASH CONSIDERATION OF RM0.85 PER OFFER SHARE (“OFFER”)

 

The terms used herein have the same meanings as those defined in the announcements made on 22 January 2014 and 23 January 2014.
We refer to the Company’s announcements dated 22 January 2014 and 23 January 2014 in relation to the receipt of a notice of unconditional take-over offer from RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd, on behalf of the Offeror, to acquire all the Offer Shares for a cash consideration of RM0.85 per Offer Share and that the Board did not intend to seek an alternative person to make a take-over offer for the Offer Shares.

In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board has on 28 January 2014 appointed AmInvestment Bank Berhad as the Independent Adviser to advise the non-interested directors and holders of the Offer Shares (other than TER Equity Sdn Bhd and Datuk Ter Leong Yap, who are the Offeror and ultimate offeror respectively) in relation to the Offer.


This announcement is dated 28 January 2014.

 


Announcement Info

Company Name MALAYSIA AICA BERHAD  
Stock Name MAICA    
Date Announced 28 Jan 2014  
Category General Announcement
Reference No CQ-140128-41662