Bursa Announcements
News
Others
Jun 30, 2014
Type
Announcement
Subject
OTHERS
Description
PROPOSED ACQUISITION BY GAMUDA BERHAD (“GAMUDA”) OF THE REMAINING 70% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS HOLDINGS”) NOT HELD BY GAMUDA (“PROPOSED ACQUISITION”)
We refer to the announcements dated 4 November 2013, 18 November 2013, 18 December 2013, 23 December 2013, 30 December 2013, 16 January 2014, 10 February 2014, 31 March 2014, 30 May 2014 and 19 June 2014 in relation to the Proposed Acquisition.
On behalf of Gamuda, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that the share purchase agreement between Gamuda and Permodalan Nasional Berhad (“PNB”) for the acquisition of the entire 20% equity interest in Kesas Holdings held by PNB for a total purchase consideration of RM290 million was completed today.
Gamuda has also on even date submitted an application to the Securities Commission (“SC”) to seek an exemption under Paragraph 20.1 of Practice Note 9 of the Malaysian Code of Take-Overs and Mergers, 2010 (“Proposed Exemption”) from undertaking the mandatory take-over offer to the remaining shareholder of Kesas Holdings for the remaining ordinary shares of RM1.00 each (“Kesas Holdings Shares”) and non-cumulative redeemable preference shares of RM1.00 each (“Kesas Holdings RPS”) in Kesas Holdings not already held by Gamuda for a cash offer price of RM3.080 for each Kesas Holdings Share and each Kesas Holdings RPS (“Revised Offer”). If the Proposed Exemption is approved by the SC, the Revised Offer shall terminate with effect from the date of grant of the Proposed Exemption.
This announcement is dated 30 June 2014.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
30 Jun 2014
Category
General Announcement
Reference No
MM-140630-59169
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ACQUISITION BY GAMUDA BERHAD (“GAMUDA”) OF THE REMAINING 70% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS HOLDINGS”) NOT HELD BY GAMUDA (“PROPOSED ACQUISITION”) |
We refer to the announcements dated 4 November 2013, 18 November 2013, 18 December 2013, 23 December 2013, 30 December 2013, 16 January 2014, 10 February 2014, 31 March 2014, 30 May 2014 and 19 June 2014 in relation to the Proposed Acquisition. On behalf of Gamuda, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that the share purchase agreement between Gamuda and Permodalan Nasional Berhad (“PNB”) for the acquisition of the entire 20% equity interest in Kesas Holdings held by PNB for a total purchase consideration of RM290 million was completed today. Gamuda has also on even date submitted an application to the Securities Commission (“SC”) to seek an exemption under Paragraph 20.1 of Practice Note 9 of the Malaysian Code of Take-Overs and Mergers, 2010 (“Proposed Exemption”) from undertaking the mandatory take-over offer to the remaining shareholder of Kesas Holdings for the remaining ordinary shares of RM1.00 each (“Kesas Holdings Shares”) and non-cumulative redeemable preference shares of RM1.00 each (“Kesas Holdings RPS”) in Kesas Holdings not already held by Gamuda for a cash offer price of RM3.080 for each Kesas Holdings Share and each Kesas Holdings RPS (“Revised Offer”). If the Proposed Exemption is approved by the SC, the Revised Offer shall terminate with effect from the date of grant of the Proposed Exemption. This announcement is dated 30 June 2014. |
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Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 30 Jun 2014 |
| Category | General Announcement |
| Reference No | MM-140630-59169 |