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

TA ENTERPRISE BERHAD

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

(i)	PROPOSED ACQUISITION OF ADDITIONAL INTEREST IN TA GLOBAL BERHAD VIA A PROPOSED CONDITIONAL VOLUNTARY TAKE-OVER OFFER; AND

(ii)	PROPOSED SUBSCRIPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

We refer to the notice of conditional voluntary take-over offer dated 12 February 2020 (“Notice”) and the announcements dated 12 February 2020, 24 February 2020, 28 February 2020, 2 April 2020, 10 April 2020 and 6 May 2020 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Notice and the Announcements shall apply herein.


On behalf of the Board, TA Securities wishes to announce that the SC had, vide its letter dated 1 June 2020, resolved to decline the application for the Withdrawal after having considered the justifications provided on a holistic basis.

 

Pursuant thereto, the Board will announce the updates to the Proposals in due course.

 

This announcement is dated 2 June 2020.






Announcement Info

Company Name TA ENTERPRISE BERHAD
Stock Name TA
Date Announced 02 Jun 2020
Category General Announcement for PLC
Reference Number GA1-01062020-00156