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

YEE LEE CORPORATION BHD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNCONDITIONAL TAKE-OVER OFFER FROM UOB KAY HIAN SECURITIES (M) SDN BHD ON BEHALF OF YEE LEE ORGANIZATION BHD, DATO' LIM A HENG @ LIM KOK CHEONG, DATIN CHUA SHOK TIM @ CHUA SIOK HOON, LIM EE YOUNG AND LANGIT MAKMUR SDN BHD (COLLECTIVELY, THE "JOINT OFFERORS") ("OFFER")

The terms used herein, unless the context otherwise stated, shall bear the same meaning as those defined in the earlier announcements in relation to the Offer.

 

We refer to the announcements dated 12 May 2020, 13 May 2020, 14 May 2020, 2 June 2020, 3 June 2020 and 23 June 2020 in relation to the Offer.

 

The Board of Directors of Yee Lee ("Board") wishes to announce that Yee Lee has today received a press notice from UOB Kay Hian Securities (M) Sdn Bhd, on behalf of the Joint Offerors, informing that the Notice to Dissenting Holders under Section 223(2) of the CMSA has been dispatched to the Dissenting Holders on 25 June 2020.

 

Further, as set out in the press notice, the Dissenting Holders may elect to exercise their rights under Section 223 of the CMSA, by serving a notice on the Joint Offerors to require the Joint Offerors to acquire his/ her Yee Lee Shares on the same terms as the Offer as set out in the Offer Document or such other terms as may be agreed between the Joint Offerors and such Dissenting Holder(s) or as the High Court may, on application made to it by such Dissenting Holder(s) or by the Joint Offerors, think fit to order under Section 224(3) of the CMSA.

 

Any Dissenting Holder may give notice to the Joint Offerors to require the Joint Offerors to acquire his/ her Yee Lee Shares no later than 5.00 p.m. (Malaysian time) on Thursday, 24 September 2020, being the date which is at least 3 months from the closing of the Offer on 23 June 2020.

 

A copy of the Notice to Dissenting Holders is also available on Bursa website.

 

Please refer to the attached press notice for further details.

 

 

This announcement is dated 25 June 2020.




Please refer attachment below.



Announcement Info

Company Name YEE LEE CORPORATION BHD
Stock Name YEELEE
Date Announced 25 Jun 2020
Category General Announcement for PLC
Reference Number GA1-25062020-00019