TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FRASER & NEAVE HOLDINGS BHD ("F&NHB" OR THE "COMPANY") ACQUISITION BY F&NHB AND/OR ITS NOMINEE(S), OF THE ENTIRE EQUITY INTEREST IN COCOALAND HOLDINGS BERHAD ("COCOALAND") NOT ALREADY OWNED BY F&NHB TO BE UNDERTAKEN BY COCOALAND BY WAY OF MEMBERS SCHEME OF ARRANGEMENT PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016 ("ACT") ("PRIVATISATION")
| FRASER & NEAVE HOLDINGS BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FRASER & NEAVE HOLDINGS BHD ("F&NHB" OR THE "COMPANY")
ACQUISITION BY F&NHB AND/OR ITS NOMINEE(S), OF THE ENTIRE EQUITY INTEREST IN COCOALAND HOLDINGS BERHAD ("COCOALAND") NOT ALREADY OWNED BY F&NHB TO BE UNDERTAKEN BY COCOALAND BY WAY OF MEMBERS SCHEME OF ARRANGEMENT PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016 ("ACT") ("PRIVATISATION") |
|
Reference is made to the announcements dated 3 June 2022 and 16 June 2022 (“Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
On behalf of F&NHB, AmInvestment Bank wishes to announce that the Offer Price has been paid to the Scheme Shareholders today and subsequently all Scheme Shares have been transferred to Awana Citra, a wholly-owned subsidiary of the Company.
Following the settlement of the Offer Price, the Privatisation is deemed completed on 4 November 2022 and Cocoaland is now a wholly-owned subsidiary of the F&NHB Group, with 27.62% held by the Company and the balance 72.38% held by Awana Citra.
|
|
Announcement Info
| Company Name | FRASER & NEAVE HOLDINGS BHD |
| Stock Name | F&N |
| Date Announced | 04 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12102022-00037 |