Bursa Announcements
News
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 & Terowong Sdn Bhd ("SMART"), By Minister Of Finance (Incorporated) ("MOF Inc") ("Proposed Offers")
Jul 03, 2019
Type
Announcement
Subject
OTHERS
Description
GAMUDA BERHAD ("GAMUDA" OR "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 & TEROWONG SDN BHD ("SMART"),
BY MINISTER OF FINANCE (INCORPORATED) ("MOF INC") ("PROPOSED OFFERS")
Reference is made to the Company’s announcements dated 21 June 2019 and 27 June 2019 (as amended) in relation to the Proposed Offers. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the aforesaid announcements.
Further to the Company’s announcement dated 27 June 2019 (as amended), HLIB on behalf of the Board of Directors of Gamuda wishes to announce the following:
1. The Board of Directors of Gamuda’s subsidiary, Kesas Holdings, had today deliberated on the Kesas Offer and unanimously found it fair and reasonable and as such, has resolved to accept the Kesas Offer; and
2. On the same day, the respective Board of Directors of Gamuda’s associated companies, LITRAK Holdings and SPRINT Holdings (save for Dato’ Haji Azmi Bin Mat Nor who has abstained from deliberation and voting at both the board meetings of LITRAK Holdings and SPRINT Holdings) had deliberated on their respective offers and unanimously found them fair and reasonable and as such, have resolved to accept the LITRAK Offer and SPRINT Offer, respectively.
The Kesas Offer, LITRAK Offer and SPRINT Offer are inter-conditional upon each other as well as upon the SMART Offer.
The Proposed Offers is now pending the decision of the Board of Directors of SMART Holdings in relation to the SMART Offer and the necessary announcement will be made accordingly.
This announcement is dated 3 July 2019.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
03 Jul 2019
Category
General Announcement for PLC
Reference Number
GA1-03072019-00106
| Type | Announcement |
| Subject | OTHERS |
| Description |
GAMUDA BERHAD ("GAMUDA" OR "COMPANY") PROPOSED OFFER TO PURCHASE ALL THE SECURITIES IN THE FOLLOWING COMPANIES: (i) KESAS SDN BHD ("KESAS"); BY MINISTER OF FINANCE (INCORPORATED) ("MOF INC") ("PROPOSED OFFERS") |
Reference is made to the Company’s announcements dated 21 June 2019 and 27 June 2019 (as amended) in relation to the Proposed Offers. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the aforesaid announcements.
Further to the Company’s announcement dated 27 June 2019 (as amended), HLIB on behalf of the Board of Directors of Gamuda wishes to announce the following:
1. The Board of Directors of Gamuda’s subsidiary, Kesas Holdings, had today deliberated on the Kesas Offer and unanimously found it fair and reasonable and as such, has resolved to accept the Kesas Offer; and
2. On the same day, the respective Board of Directors of Gamuda’s associated companies, LITRAK Holdings and SPRINT Holdings (save for Dato’ Haji Azmi Bin Mat Nor who has abstained from deliberation and voting at both the board meetings of LITRAK Holdings and SPRINT Holdings) had deliberated on their respective offers and unanimously found them fair and reasonable and as such, have resolved to accept the LITRAK Offer and SPRINT Offer, respectively.
The Kesas Offer, LITRAK Offer and SPRINT Offer are inter-conditional upon each other as well as upon the SMART Offer.
The Proposed Offers is now pending the decision of the Board of Directors of SMART Holdings in relation to the SMART Offer and the necessary announcement will be made accordingly.
This announcement is dated 3 July 2019.
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 03 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03072019-00106 |