KHSB

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TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) KUMPULAN HARTANAH SELANGOR BERHAD ("KHSB" OR "COMPANY") - UNCONDITIONAL TAKE-OVER OFFER BY AFFIN INVESTMENT BANK BERHAD ("AFFIN INVESTMENT") ON BEHALF OF KUMPULAN DARUL EHSAN BERHAD ("KDEB" OR "OFFEROR") TO ACQUIRE (I) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN KUMPULAN HARTANAH SELANGOR BERHAD ("KHSB") ("KHSB SHARE(S)") NOT ALREADY OWNED BY KDEB; AND (II) ALL THE NEW KHSB SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSE OF THE OFFER ARISING FROM THE EXERCISE OF THE OUTSTANDING OPTIONS GRANTED PURSUANT TO KHSB’S EMPLOYEES' SHARE OPTION SCHEME (COLLECTIVELY REFERRED TO AS THE "OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.836 PER OFFER SHARE ("OFFER")

KUMPULAN HARTANAH SELANGOR BERHAD

Type	Announcement
Subject	TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description	KUMPULAN HARTANAH SELANGOR BERHAD ("KHSB" OR "COMPANY") - UNCONDITIONAL TAKE-OVER OFFER BY AFFIN INVESTMENT BANK BERHAD ("AFFIN INVESTMENT") ON BEHALF OF KUMPULAN DARUL EHSAN BERHAD ("KDEB" OR "OFFEROR") TO ACQUIRE (I) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN KUMPULAN HARTANAH SELANGOR BERHAD ("KHSB") ("KHSB SHARE(S)") NOT ALREADY OWNED BY KDEB; AND (II) ALL THE NEW KHSB SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSE OF THE OFFER ARISING FROM THE EXERCISE OF THE OUTSTANDING OPTIONS GRANTED PURSUANT TO KHSB’S EMPLOYEES' SHARE OPTION SCHEME (COLLECTIVELY REFERRED TO AS THE "OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.836 PER OFFER SHARE ("OFFER")
The Board of Directors of KHSB wishes to announce that KHSB has today received the attached press notice from AFFIN Investment, on behalf of the Offeror, informing that KDEB had, on 28 November 2013, despatched the notice in accordance with Section 223(2) of the Capital Markets and Services Act, 2007 (“CMSA”) to the shareholders of KHSB who have not accepted the Offer (“Holders”), informing the Holders that they may exercise their rights to require KDEB to acquire their KHSB Shares pursuant to Section 223(1) of the CMSA. In this regard, any Holder may serve KDEB a notice requiring KDEB to acquire their KHSB Shares on the same terms as set out in the Offer Document dated 9 October 2013 or such other terms as may be agreed, subject to Section 224 of the CMSA on or before 8 March 2014, being a period of not less than 3 months from the date of the close of the Offer. In accordance with Section 224(3) of the CMSA, when a Holder exercises his or its right under Section 223(1) of the CMSA, the court may, on application made by the Holder or the Offeror, order that the terms on which the Offeror shall acquire such Offer Shares shall be as the court thinks fit. Please refer to the attached press notice for further details. This announcement is dated 28 November 2013.

Attachments

Press Notice - 28 Nov 2013.pdf
527 KB

Announcement Info

Company Name	KUMPULAN HARTANAH SELANGOR BERHAD
Stock Name	KHSB
Date Announced	28 Nov 2013
Category	General Announcement
Reference No	KH-131128-20763

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