TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| ORNAPAPER BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | CONDITIONAL MANDATORY TAKE-OVER OFFER BY INTISARI DELIMA SDN. BHD. ("OFFEROR") AS WELL AS SAI AH SAI, SAI HAN SIONG AND SAI CHIN HOCK (COLLECTIVELY, THE "JOINT ULTIMATE OFFERORS") THROUGH TA SECURITIES HOLDINGS BERHAD, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN ORNAPAPER BERHAD (EXCLUDING TREASURY SHARES) NOT ALREADY HELD BY THE OFFEROR, THE JOINT ULTIMATE OFFERORS AND THE PERSONS ACTING IN CONCERT WITH THEM ("OFFER SHARES") FOR A CASH CONSIDERATION OF RM1.06 PER OFFER SHARE ("OFFER") |
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Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcements dated 21 September 2022, 12 October 2022 and 27 October 2022 in relation to the Offer. The Board wishes to announce that the Company has today received a press notice from TA Securities Holdings Berhad, on behalf of the Offeror and the Joint Ultimate Offerors, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on Thursday, 10 November 2022. ("Closing Date”). In accordance with Paragraph 13.01 of the Rules, the detailed disclosure of level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the Revised Closing Date is set out in the attached press notice. Please refer to the attached press notice for further details. This announcement is dated 10 November 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | ORNAPAPER BERHAD |
| Stock Name | ORNA |
| Date Announced | 10 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10112022-00061 |