News

Take-Overs & Mergers (Paragraph/Rule 9.19 (47A))

BackJan 05, 2017
Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description

KUMPULAN PERANGSANG SELANGOR BERHAD ("PERANGSANG SELANGOR") UNCONDITIONAL TAKE-OVER OFFER BY PERANGSANG PACKAGING SDN BHD ("PPSB" OR "OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF PERANGSANG SELANGOR, THROUGH CIMB INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN CENTURY BOND BHD ("CBB" OR "OFFEREE") NOT ALREADY OWNED BY THE OFFEROR ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM1.75 PER CBB SHARE ("OFFER")

We refer to the announcements dated 11 August 2016, 31 October 2016, 8 November 2016, 21 November 2016, 6 December 2016, 7 December 2016, 8 December 2016 and 27 December 2016 in relation to the Offer (“Announcements”) and the offer document dated 21 November 2016 which sets out the details, terms and conditions of the Offer (“Offer Document”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements and the Offer Document.

On behalf of the Board of Directors of Perangsang Selangor, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that the Offeror has, on 5 January 2017, despatched the notice to the holders of the Offer Shares who have not accepted the offer (“Holder(s)”), in accordance with Subsection 223(2) of the CMSA (“Notice”), informing the Holders that they may exercise their rights to require the Offeror to acquire the Holders’ Offer Shares.

Pursuant to the above, any Holder may give notice to the Offeror requiring the Offeror to acquire the Offer Shares held by the Holder no later than 5.00 p.m. on 28 March 2017, which shall not be less than three (3) months from the Closing Date, on the terms and conditions as set out in the Offer Document, or such other terms and conditions as may be agreed or as the High Court, on application made to it by the Holders or by the Offeror, thinks fit.

A copy of the press notice in relation to the above is enclosed below.

This announcement is dated 5 January 2017.

 

 


Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 05 Jan 2017
Category General Announcement for PLC
Reference Number GA1-05012017-00012

Attachments

  1. KPS_-_Press_Release_on_the_despatch_of_the_Notice_-_5_Jan_2017.pdf (Size: 773,659 bytes)