TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| THE STORE CORPORATION BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | The Store Corporation Berhad (TSCB or the Company)
Unconditional Mandatory Take-Over Offer from Hong Leong Investment Bank Berhad on behalf of TYS Consolidated Sdn Bhd ("Offeror") to acquire all the ordinary shares of RM1.00 each in TSCB (TSCB Shares) not already held by the Offeror (Offer Shares) for a cash consideration of RM3.70 per TSCB Share ("Offer") |
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We refer to our previous announcements in relation to the Offer. The Company has today received a press notice from HLIB, on behalf of the Offeror, informing the Company that the Offeror had received valid acceptances in respect of the Offer Shares resulting in the Offeror holding not less than nine-tenths (9/10) in the nominal value of the issued and paid-up share capital of TSCB as at 5.00 p.m. (Malaysian time), on Friday, 20 January 2017. As more than 90% of the listed shares of the Company are already held by the Offeror, and in view that the Offeror does not intend to maintain the listing status of TSCB on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Securities, Bursa Securities shall suspend trading of TSCB shares upon the expiry of 5 market days from 31 January 2017, being the closing date of the Offer. Accordingly, the Offeror will procure the Company to take the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with Paragraphs 16.07(a) and 16.08 of the Main Market Listing Requirements of Bursa Securities. Please refer to the attached press notice for further details. This announcement is dated 20 January 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | THE STORE CORPORATION BERHAD |
| Stock Name | TSTORE |
| Date Announced | 20 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20012017-00036 |