OTHERS DISCLOSURE OF DEALINGS PURSUANT TO PARAGRAPH 19.05 OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS (RULES) IN RELATION TO THE POTENTIAL MANDATORY TAKE-OVER OFFER BY JENTAYU CAPITAL SDN BHD (OFFEROR) AND ITS PARTIES ACTING IN CONCERT TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN JENTAYU SUSTAINABLES BERHAD (JSB SHARES) NOT ALREADY HELD BY THEM (OFFER)
| JENTAYU SUSTAINABLES BERHAD |
| Type | Announcement | ||||||||||
| Subject | OTHERS |
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| Description | DISCLOSURE OF DEALINGS PURSUANT TO PARAGRAPH 19.05 OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS (RULES) IN RELATION TO THE POTENTIAL MANDATORY TAKE-OVER OFFER BY JENTAYU CAPITAL SDN BHD (OFFEROR) AND ITS PARTIES ACTING IN CONCERT TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN JENTAYU SUSTAINABLES BERHAD (JSB SHARES) NOT ALREADY HELD BY THEM (OFFER) |
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We refer to the Company's announcements made on 18 June 2021, 22 September 2021, 23 September 2021, 30 November 2022, 10 February 2023 and 15 February 2023 wherein the Board of Directors of the Company had announced that it proposed to undertake amongst others, the acquisition of a hydro asset ("Proposed Acquisition"). As a result of the Proposed Acquisitions, the collective shareholdings of the Offeror and its parties acting in concert will increase from below 33% to above 50%. Thus, in accordance with Paragraph 4.01(a) of the Rules, the Offeror and its parties acting in concert are obliged to undertake the Offer.
Pursuant to Paragraph 19.05 of the Rules, the Company had on 23 January 2024 received a notification from Mitsubishi UFJ Financial Group, a substantial shareholder and not person acting in concert with the Offeror on dealings in JSB Shares taken place on 19 January 2024, of which the details are as follows:-
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Announcement Info
| Company Name | JENTAYU SUSTAINABLES BERHAD |
| Stock Name | JSB |
| Date Announced | 23 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23012024-00030 |