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SCIB

1.100

+0.01 (+0.9%)

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

SARAWAK CONSOLIDATED INDUSTRIES BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM UOB KAY HIAN SECURITIES (M) SDN BHD ON BEHALF OF DATO' DR. IR. MOHD ABDUL KARIM BIN ABDULLAH ("OFFEROR") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB") NOT ALREADY HELD BY THE OFFEROR AND THE PERSONS ACTING IN CONCERT WITH THE OFFEROR AT RM1.10 PER OFFER SHARE ("OFFER")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Offer.

 

In accordance with Rule 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, the Board (save for the Interested Director, namely Dato’ Dr. Ir. Mohd Abdul Karim Bin Abdullah, being the Offeror for the Offer) wishes to announce that KAF Investment Bank Berhad has been appointed to act as the Independent Adviser of SCIB to advise the non-interested Directors and the holders of the Offer Shares in respect of the fairness and reasonableness of the Offer, and its appointment is subject to the clearance of eligibility of the Independent Adviser by Securities Commission Malaysia.

 

This announcement is dated 19 August 2019.






Announcement Info

Company Name SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name SCIB
Date Announced 19 Aug 2019
Category General Announcement for PLC
Reference Number GA1-19082019-00015