HELP

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TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) HELP INTERNATIONAL CORPORATION BERHAD ("HIC" OR "THE COMPANY") - UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD ON BEHALF OF BETTER EDUCATION ENTERPRISE SDN. BHD. ("OFFEROR") TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN HIC ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.53 PER OFFER SHARE ("OFFER") - PUBLIC SHAREHOLDING SPREAD

HELP INTERNATIONAL CORPORATION BERHAD

Type	Announcement
Subject	TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description	HELP INTERNATIONAL CORPORATION BERHAD ("HIC" OR "THE COMPANY") - UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD ON BEHALF OF BETTER EDUCATION ENTERPRISE SDN. BHD. ("OFFEROR") TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN HIC ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM2.53 PER OFFER SHARE ("OFFER") - PUBLIC SHAREHOLDING SPREAD
We refer to our announcements dated 5 December 2013, 11 December 2013, 26 December 2013, 6 January 2014 and 9 January 2014 in relation to the Offer. Pursuant to Paragraph 8.02(3) of the Main Market Listing Requirements ("Listing Requirements") of Bursa Malaysia Securities berhad ("Bursa Securities"), the Board of Directors of HIC wishes to inform that based on the Company's Record of Depositors as at 9 January 2014, the public shareholding spread of HIC as at 9 January 2014 constituted 8.93% of its total issued and paid-up share capital of the Company listed on Bursa Securities. Consequently, since 9 January 2014, HIC has not been in compliance with Paragraph 8.02(1) of the Listing Requirements which stipulated that a listed issuer must ensure that at least 25% of its total listed shares are in the hands of public shareholders ("Required Public Shareholding Spread"). However to date, as far as HIC is aware, the Offer has became unconditional as to the level of acceptance as of 6 January 2014 ("Unconditional Date"), the Offeror shall keep the Offer open for acceptances for at least fourteen (14) days from the Unconditional Date pursuant to Section 25(3) of the Malaysian Code on Take-Overs and Mergers, 2010. As stated in the Offer Document dated 26 December 2013, in the event that HIC does not comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirementsthe Offeror does not intend to maintain the listing status of HIC on the Official List of Bursa Securities. In view thereof, HIC does not intend to formulate any rectification plan to comply with the Required Public Shareholding Spread. This announcement is dated 10 January 2014.

Announcement Info

Company Name	HELP INTERNATIONAL CORPORATION BERHAD
Stock Name	HELP
Date Announced	10 Jan 2014
Category	General Announcement
Reference No	CS-140110-A0CC0

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