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

ZENWORLD HOLDINGS BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
ZENWORLD HOLDINGS BERHAD (FORMERLY KNOWN AS MYKRIS INTERNATIONAL BERHAD) ("ZENWORLD" OR "THE COMPANY")

- UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER FROM UOB KAY HIAN SECURITIES (M) SDN BHD ("UOBKH") ON BEHALF OF CHEW CHOO SOON AND CHANG WAI HOONG (COLLECTIVELY REFERRED TO AS "THE JOINT OFFERORS") ("OFFER")
We refer to the previous announcements and the offer document dated 4 February 2022 (“Offer Document”) in relation to the Offer. Unless otherwise defined, the terms used herein shall have the same meaning as defined in the Offer Document.


On 23 February 2022, the Company had been informed by the Joint Offerors that pursuant to the Offer, the Joint Offerors have received Valid Acceptances of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding the shares already held by the Joint Offerors as at the date of the Offer) as at 5.00 p.m. (Malaysian time) on 23 February 2022.


Premised on the above, the Joint Offerors intend to invoke the provisions of Section 222 of the Capital Markets and Services Act 2007 ("CMSA") to compulsorily acquire the any remaining Offer Shares, and issue a compulsory acquisition notice under Subsection 222(1) of the CMSA to all Dissenting Shareholders within two (2) months from the date of the press notice, being the date of the Joint Offerors having received valid acceptances of not less than nine-tenths (9/10) of the nominal value of the Offer Shares (excluding the shares already held by the Joint Offerors as at the date of the Offer).


In accordance with Rule 8.02(2) of the LEAP Market Listing Requirements of Bursa Securities, Bursa Securities will suspend the trading of Zenworld Shares on the 6th market day from Friday, 25 February 2022, being the Closing Date of the Offer. The suspension will result in the securities of Zenworld no longer being traded on Bursa Securities and necessary steps will thereafter be taken to withdraw the listing status of Zenworld from the Official List of Bursa Securities in accordance with Rule 8.08 of the LEAP Market Listing Requirements.


Notwithstanding the above, the Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Friday, 25 February 2022, being the Closing Date. Holders who wish to accept the Offer prior to the Closing Date are advised to refer to the Offer Document for the details, terms and conditions of the Offer and the procedures for acceptance of the Offer.


Please refer to the attached press notice for further details.


This announcement is dated 23 February 2022.



Please refer attachment below.



Announcement Info

Company Name ZENWORLD HOLDINGS BERHAD
Stock Name ZWORLD
Date Announced 23 Feb 2022
Category General Announcement for PLC
Reference Number GA1-23022022-00031