HELP

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SUSPENSION OF SECURITIES

HELP INTERNATIONAL CORPORATION BERHAD

Type	Announcement
Subject	SUSPENSION OF SECURITIES
Description	HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR THE “COMPANY”) - UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY BETTER EDUCATION ENTERPRISE SDN. BHD. (“BEE” OR THE “OFFEROR”) TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN HIC (“HIC SHARES” OR “OFFER SHARES”) FOR A CASH CONSIDERATION OF RM2.53 PER OFFER SHARE (“OFFER”)
We refer to our announcements dated 5 December 2013, 11 December 2013, 26 December 2013 and 6 January 2014 in relation to the Offer. The Board of Directors of HIC (“Board”) wishes to announce that it had on today, received a press release from RHB Investment Bank Berhad on behalf of the Offeror, informing that as at 5.00 p.m. (Malaysian time) on 9 January 2014, the Offeror has received valid acceptances for a total of 129,354,318 HIC Shares, representing approximately 91.07% of HIC’s issued and paid-up share capital. Consequently, the Offer has been accepted by the holders of not less than nine-tenths (9/10) in the nominal value of the Offer Shares. In accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities will suspend the trading of HIC Shares upon the expiry of five (5) market days from the date of the announcement to be made by HIC that the Offeror does not intend to maintain the listed issuer’s listing status pursuant to Paragraph 9.19(48) of the Listing Requirements. The suspension will be effected from 9.00 a.m. (Malaysian time) on Tuesday, 21 January 2014. As stated in the Offer Document, in the event that HIC does not comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements, the Offeror does not intend to maintain the listing status of HIC on the Official List of Bursa Securities. Accordingly, the Offeror will procure HIC to file an application with Bursa Securities to withdraw HIC’s listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Listing Requirements. Once HIC is delisted, shareholders who have not accepted the Offer (“Dissenting Shareholders”) will hold unlisted HIC Shares. In such a situation, Dissenting Shareholders will not be able to realise their investments in HIC Shares through trading on Bursa Securities. In addition, the Offeror, will within two (2) months from 9 January 2014, proceed to exercise its rights in accordance with Section 222 of the Capital Market and Services Act, 2007 to compulsorily acquire any remaining Offer Shares for which valid acceptances have not been received. The holders of the Offer Shares shall be notified in the manner prescribed under the Code accordingly. The Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Monday, 20 January 2014. The press release from RHB Investment Bank Berhad dated 9 January 2014 is attached herewith. This announcement is dated 9 January 2014.

Attachments

press release 090114.pdf
418 KB

Announcement Info

Company Name	HELP INTERNATIONAL CORPORATION BERHAD
Stock Name	HELP
Date Announced	9 Jan 2014
Category	General Announcement
Reference No	CS-140109-D5324

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