AIRB

1.830

ALIRAN IHSAN RESOURCES BERHAD

Type	Announcement
Subject	ALIRAN IHSAN RESOURCES BERHAD ("AIRB") CONDITIONAL TAKE-OVER OFFER ("OFFER") FROM ASEAMBANKERS MALAYSIA BERHAD ("ASEAMBANKERS") ON BEHALF OF MMC CORPORATION BERHAD ("MMC") TO ACQUIRE: (a) ALL THE ORDINARY SHARES OF RM1.00 EACH IN AIRB ("AIRB SHARES") AND SUCH NUMBER OF NEW AIRB SHARES THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSE OF THE OFFER PURSUANT TO THE CONVERSION OF ANY OUTSTANDING REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS IN ALIRAN IHSAN RESOURCES BERHAD ("AIRB RCULS") FOR A CASH CONSIDERATION OF RM0.90 PER AIRB SHARES; AND (b) ALL THE OUTSTANDING AIRB RCULS THAT ARE EXERCISABLE AND HAVE NOT BEEN CONVERTED ON OR PRIOR TO THE CLOSE OF THE OFFER FOR A CASH CONSIDERATION OF RM0.90 PER AIRB RCULS.
Contents	We refer to the earlier announcement on 6 August 2008 in relation to the receipt of the Notice of the Offer (Notice) from Aseambankers on behalf of MMC. The Board of Directors of AIRB wishes to announce that the Securities Commission had on 20 August 2008, vide its letter on even date, approved the appointment of Affin Investment Bank Berhad as the Independent Adviser to the independent directors, shareholders and RCULS holders of AIRB in relation to the Offer pursuant to the Malaysian Code on Take-Overs and Mergers, 1998. This announcement is dated 20 August 2008.

Company Name	ALIRAN IHSAN RESOURCES BERHAD
Stock Name	AIRB
Date Announced	20 Aug 2008
Category	General Announcement
Reference No	AI-080820-60383