TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| AT SYSTEMATIZATION BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | AT SYSTEMATIZATION BERHAD ("AT SYSTEMATIZATION" OR THE "ULTIMATE OFFEROR")
CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY AT ENGINEERING SOLUTION SDN BHD ("AT ENGINEERING" OR THE "OFFEROR") (A WHOLLY-OWNED SUBSIDIARY OF AT SYSTEMATIZATION) TO ACQUIRE ALL THE ORDINARY SHARES IN ASDION BERHAD ("ASDION" OR THE "OFFEREE") ("ASDION SHARES") WHICH ARE NOT HELD BY THE OFFEROR ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE ("OFFER PRICE") ("OFFER") |
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(For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcements dated 11 March 2021 and 28 April 2021 in relation to the Offer, where applicable, unless stated otherwise or defined herein.)
We refer to the announcements in relation to the Offer dated 11 March 2021, 31 March 2021, 1 April 2021 and 28 April 2021.
On behalf of the Board, Mercury Securities wishes to announce that AT Engineering has written to Asdion to reiterate that AT Engineering will make an application to the Securities Commission Malaysia for its consent to withdraw the Offer in the event that the shareholders of Asdion approve either one or both of the two proposals (i.e. the Proposed Debt Settlement and Proposed Placement) in the forthcoming extraordinary general meeting of Asdion on 11 August 2021.
This announcement is dated 29 July 2021. |
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Announcement Info
| Company Name | AT SYSTEMATIZATION BERHAD |
| Stock Name | AT |
| Date Announced | 29 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29072021-00139 |