Bursa Announcements
News
Others
Jul 18, 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, 19 June 2014 and 30 June 2014 in relation to the Proposed Acquisition.
On behalf of Gamuda, CIMB Investment Bank Berhad wishes to announce that the Securities Commission Malaysia had, through its letter dated 17 July 2014, granted to Gamuda approval for an exemption under Paragraph 20.1 of Practice Note 9 of the Malaysian Code of Take-Overs and Mergers, 2010 (“Exemption”) from undertaking the revised mandatory take-over offer 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”).
Following the approval for the Exemption, the Revised Offer is terminated.
This announcement is dated 18 July 2014.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
18 Jul 2014
Category
General Announcement
Reference No
MM-140718-60216
| 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, 19 June 2014 and 30 June 2014 in relation to the Proposed Acquisition. On behalf of Gamuda, CIMB Investment Bank Berhad wishes to announce that the Securities Commission Malaysia had, through its letter dated 17 July 2014, granted to Gamuda approval for an exemption under Paragraph 20.1 of Practice Note 9 of the Malaysian Code of Take-Overs and Mergers, 2010 (“Exemption”) from undertaking the revised mandatory take-over offer 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”). Following the approval for the Exemption, the Revised Offer is terminated.
This announcement is dated 18 July 2014. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 18 Jul 2014 |
| Category | General Announcement |
| Reference No | MM-140718-60216 |