BKAWAN

20.000

(%)

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

BATU KAWAN BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY BKB TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN CHEMICAL COMPANY OF MALAYSIA BERHAD ("CCM" OR "OFFEREE") NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM3.10 PER OFFER SHARE ("OFFER")

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those given to them in the Offer Document dated 28 December 2020 relating to the Offer.

 

We refer to the Offer Document dated 28 December 2020, which sets out the details of the Offer.

 

On behalf of the Offeror, CIMB Investment Bank Berhad wishes to announce that based on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 14 January 2021, the Offeror and the PACs hold 147,624,954 ordinary shares in CCM (“Shares”), representing about 88.03% of the total issued Shares.

 

Further, on behalf of the Offeror, we wish to announce that the Closing Date has been extended from 5.00 p.m. (Malaysian time) on Monday, 18 January 2021 to 5.00 p.m. (Malaysian time) on Tuesday, 2 February 2021 (“Extended Closing Date”). The Extended Closing Date is to allow more time for the holders of the Offer Shares (“Holders”) to accept the Offer in view of the various forms of movement control orders imposed by the Government of Malaysia that are currently in place in Malaysia. A notice of the said extension will be posted to the Holders accordingly.

 

Save for the Extended Closing Date, all other details and terms and conditions of the Offer as set out in the Offer Document remain unchanged.

 

Further details are set out in the attachment below.

 

 

This announcement is dated 15 January 2021.




Please refer attachment below.



Announcement Info

Company Name BATU KAWAN BERHAD
Stock Name BKAWAN
Date Announced 15 Jan 2021
Category General Announcement for PLC
Reference Number GA1-14012021-00105