Bursa Announcements
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Proposed Offer To Purchase All The Securities In The Following Companies: (i) Kesas Sdn Bhd ("Kesas"); (ii) Sistem Penyuraian Trafik KL Barat Sdn Bhd ("Sprint"); (iii) Lingkaran Trans Kota Sdn Bhd ("Litrak"); And (iv) Syarikat Mengurus Air Banjir Dan Terowong Sdn Bhd ("SMART") By Minister Of Finance (Incorporated) ("MOF Inc")
Jun 21, 2019
Type
Announcement
Subject
OTHERS
Description
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY")
PROPOSED OFFER TO PURCHASE ALL THE SECURITIES IN THE FOLLOWING COMPANIES: (I) KESAS SDN BHD ("KESAS"); (II) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT"); (III) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND (IV) SYARIKAT MENGURUS AIR BANJIR DAN TEROWONG SDN BHD ("SMART") BY MINISTER OF FINANCE (INCORPORATED) ("MOF INC")
Reference is made to the Company’s announcement dated 25 February 2019 in relation to the statement issued by the Prime Minister’s Office on 23 February 2019 on the Proposed Acquisition of Tolled Highways.
On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Kesas Holdings Berhad (“Kesas Holdings”), its 70% owned subsidiary, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of Kesas. Kesas is a wholly owned subsidiary of Kesas Holdings.
Simultaneously, each of the following associated companies and joint venture company of Gamuda had on 21 June 2019, received a Letter of Offer from MOF Inc for the following acquisitions:
(i) Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd ("SPRINT Holdings"), Gamuda's 52% associated company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc's offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of SPRINT. SPRINT is a wholly-owned subsidiary of SPRINT Holdings;
(ii) Lingkaran Trans Kota Holdings Berhad (“LITRAK Holdings”), Gamuda’s 44% associated company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of LITRAK. LITRAK is a wholly-owned subsidiary of LITRAK Holdings; and
(iii) Projek SMART Holdings Sdn Bhd (“SMART Holdings”), Gamuda’s 50% joint venture company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of SMART. SMART is a wholly-owned subsidiary of SMART Holdings.
Kindly refer to the attached document for the details of the offers.
This announcement is dated 21 June 2019.
Please refer attachment below.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
21 Jun 2019
Category
General Announcement for PLC
Reference Number
GA1-21062019-00130
Attachments
| Type | Announcement |
| Subject | OTHERS |
| Description |
GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") PROPOSED OFFER TO PURCHASE ALL THE SECURITIES IN THE FOLLOWING COMPANIES: (I) KESAS SDN BHD ("KESAS"); (II) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT"); (III) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND (IV) SYARIKAT MENGURUS AIR BANJIR DAN TEROWONG SDN BHD ("SMART") BY MINISTER OF FINANCE (INCORPORATED) ("MOF INC") |
Reference is made to the Company’s announcement dated 25 February 2019 in relation to the statement issued by the Prime Minister’s Office on 23 February 2019 on the Proposed Acquisition of Tolled Highways.
On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Kesas Holdings Berhad (“Kesas Holdings”), its 70% owned subsidiary, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of Kesas. Kesas is a wholly owned subsidiary of Kesas Holdings.
Simultaneously, each of the following associated companies and joint venture company of Gamuda had on 21 June 2019, received a Letter of Offer from MOF Inc for the following acquisitions:
(i) Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd ("SPRINT Holdings"), Gamuda's 52% associated company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc's offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of SPRINT. SPRINT is a wholly-owned subsidiary of SPRINT Holdings;
(ii) Lingkaran Trans Kota Holdings Berhad (“LITRAK Holdings”), Gamuda’s 44% associated company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of LITRAK. LITRAK is a wholly-owned subsidiary of LITRAK Holdings; and
(iii) Projek SMART Holdings Sdn Bhd (“SMART Holdings”), Gamuda’s 50% joint venture company, had on 21 June 2019, received a Letter of Offer dated on even date from MOF Inc in respect of MOF Inc’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks) of SMART. SMART is a wholly-owned subsidiary of SMART Holdings.
Kindly refer to the attached document for the details of the offers.
This announcement is dated 21 June 2019.
Please refer attachment below.
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 21 Jun 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21062019-00130 |
Attachments