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TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

AMVERTON BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
AMVERTON BERHAD ("AMVERTON" OR "COMPANY")

UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER FROM HONG LEONG INVESTMENT BANK BERHAD, ON BEHALF OF DALTA INDUSTRIES SDN BHD ("DALTA" OR "OFFEROR")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Offer Document dated 3 February 2020 in relation to the Offer.

 

We refer to the announcements dated 13 January 2020, 14 January 2020, 3 February 2020, 13 February 2020, 20 February 2020, 6 March 2020 and 9 March 2020 in relation to the Offer.

 

The Board of Amverton wishes to announce that the Company has today received the attached press notice from Hong Leong Investment Bank Berhad, on behalf of the Offeror, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on Friday, 27 March 2020 (“Final Closing Date”).

In accordance with Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”), as the Offeror currently holds more than 90% of the listed shares in Amverton as a result of the Offer and in view that the Offeror has no intention to maintain the listing status of Amverton, Bursa Securities will suspend the trading of Amverton Shares upon the expiry of 5 market days from the Final Closing Date. The suspension will be effected from 9.00 a.m. (Malaysian time) on Monday, 6 April 2020. The Offeror will procure Amverton to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities, in accordance with Paragraph 16.07 of the Listing Requirements.

 

In accordance with Paragraph 13.01 of the Rules, the disclosure on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on Friday, 27 March 2020 is set out in the attached press notice.

 

This announcement is dated 27 March 2020.




Please refer attachment below.



Announcement Info

Company Name AMVERTON BERHAD
Stock Name AMVERTON
Date Announced 27 Mar 2020
Category General Announcement for PLC
Reference Number GA1-27032020-00044