Bursa Announcements
News
Others
Dec 23, 2013
Type
Announcement
Subject
OTHERS
Description
OFFERS TO ACQUIRE THE REMAINING EQUITY INTEREST IN KESAS HOLDINGS BERHAD NOT HELD BY GAMUDA BERHAD
We refer to the announcements dated 4 November 2013, 18 November 2013 and 18 December 2013 in relation to the offers made on 4 November 2013 to acquire the remaining equity interest in Kesas Holdings Berhad not held by Gamuda Berhad (“Gamuda”) (“Offer(s)”).
On behalf of the Board of Directors of Gamuda, CIMB Investment Bank Berhad wishes to announce that Gamuda has today made new offers (“New Offer(s)”) to the remaining shareholders of Kesas Holdings Berhad (“Kesas Holdings”) who have not accepted the Offers, namely, Perbadanan Kemajuan Negeri Selangor (“PKNS”) and Permodalan Nasional Berhad (“PNB”), to acquire their respective entire equity interest in Kesas Holdings at the following revised purchase consideration:
Shareholders of Kesas Holdings
Offer
Purchase consideration
RM million
PKNS
Offer to acquire PKNS’ entire equity interest of 30% in Kesas Holdings comprising 1,500,000 ordinary shares of RM1.00 each and 139,774,452 redeemable preference shares of RM1.00 each
420
PNB
Offer to acquire PNB’s entire equity interest of 20% in Kesas Holdings comprising 1,000,000 ordinary shares of RM1.00 each and 93,182,968 redeemable preference shares of RM1.00 each
280
The details of the New Offers are as set out in the offer letters attached.
In line with the New Offers, Gamuda has revised the purchase consideration in relation to the Offer accepted by Amcorp Properties Berhad on 18 December 2013 from RM250 million to RM280 million.
Gamuda has, today, received an acceptance in principle from PNB in relation to the New Offer. Full details of the transaction will be announced after the relevant sale and purchase agreement has been signed.
This announcement is dated 23 December 2013.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
23 Dec 2013
Category
General Announcement
Reference No
MM-131223-58171
Attachments
| Type | Announcement | |||||||||
| Subject | OTHERS | |||||||||
| Description | OFFERS TO ACQUIRE THE REMAINING EQUITY INTEREST IN KESAS HOLDINGS BERHAD NOT HELD BY GAMUDA BERHAD | |||||||||
We refer to the announcements dated 4 November 2013, 18 November 2013 and 18 December 2013 in relation to the offers made on 4 November 2013 to acquire the remaining equity interest in Kesas Holdings Berhad not held by Gamuda Berhad (“Gamuda”) (“Offer(s)”). On behalf of the Board of Directors of Gamuda, CIMB Investment Bank Berhad wishes to announce that Gamuda has today made new offers (“New Offer(s)”) to the remaining shareholders of Kesas Holdings Berhad (“Kesas Holdings”) who have not accepted the Offers, namely, Perbadanan Kemajuan Negeri Selangor (“PKNS”) and Permodalan Nasional Berhad (“PNB”), to acquire their respective entire equity interest in Kesas Holdings at the following revised purchase consideration:
The details of the New Offers are as set out in the offer letters attached. In line with the New Offers, Gamuda has revised the purchase consideration in relation to the Offer accepted by Amcorp Properties Berhad on 18 December 2013 from RM250 million to RM280 million. Gamuda has, today, received an acceptance in principle from PNB in relation to the New Offer. Full details of the transaction will be announced after the relevant sale and purchase agreement has been signed.
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Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 23 Dec 2013 |
| Category | General Announcement |
| Reference No | MM-131223-58171 |
Attachments