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

GETS GLOBAL 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 ADA CAPITAL INVESTMENTS LIMITED AND TEONG LIAN AIK (COLLECTIVELY, THE "JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN GETS GLOBAL BERHAD ("GETS") NOT ALREADY HELD BY THE JOINT OFFERORS ("OFFER SHARE(S)") AT A CASH CONSIDERATION OF RM0.55 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 Dominic Aw Kian-Wee) wishes to announce that Public Investment Bank Berhad has been appointed to act as the Independent Adviser of GETS 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 30 November 2020.






Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 30 Nov 2020
Category General Announcement for PLC
Reference Number GA1-28112020-00002