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HELP
(%)
TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) 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”)
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 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 and 26 December 2013 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 6 January 2014, the Offeror has received valid acceptances for a total of 92,287,069 HIC Shares, representing approximately 64.97% of HIC’s issued and paid-up share capital.
Accordingly, the Offer has become
unconditional
as to the level of acceptances as of today, 6 January 2014 (“
Unconditional Date
”). Pursuant to Section 25(3) of the Malaysian Code on Take-Overs and Mergers, 2010 and in accordance with the terms and conditions as set out in the Offer Document dated 26 December 2013, the Offeror shall keep the Offer open for acceptances for at least 14 days from the Unconditional Date.
In relation thereto, the closing date and time for acceptance of the Offer have been extended from
5.00 p.m. (Malaysian time) on
16 January 2014 to 5.00 p.m. (Malaysian time) on 20 January 2014
(“
Extended Closing Date
”).
Save for the said Extended Closing Date, all other details, terms and conditions of the Offer remain unchanged.
The press release from RHB Investment Bank Berhad on behalf of the Offeror dated 6 January 2014 is attached herewith.
This announcement is dated 6 January 2014.
Attachments
Press-Offer Unconditional.pdf
431 KB
Announcement Info
Company Name
HELP INTERNATIONAL CORPORATION BERHAD
Stock Name
HELP
Date Announced
6 Jan 2014
Category
General Announcement
Reference No
CS-140106-D453A
View original announcement