KIANJOO

3.050

(%)

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

KIAN JOO CAN FACTORY BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
KIAN JOO CAN FACTORY BERHAD ("KJCFB" OR "THE COMPANY")

CONDITIONAL MANDATORY TAKE-OVER OFFER BY CAN-ONE INTERNATIONAL SDN BHD ("CISB" OR "OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF CAN-ONE BERHAD, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN KJCFB NOT ALREADY OWNED BY THE OFFEROR ("OFFER SHARES") AT A CASH CONSIDERATION OF RM3.10 PER OFFER SHARE ("OFFER")

We refer to the Company’s announcements dated 14 February 2019, 19 February 2019, 1 March 2019, 11 March 2019, 12 March 2019, 13 March 2019, 14 March 2019, 15 March 2019, 18 March 2019, 19 March 2019, 20 March 2019, 21 March 2019, 22 March 2019, 25 March 2019, 26 March 2019, 27 March 2019, 28 March 2019, 29 March 2019, 1 April 2019, 3 April 2019, 4 April 2019, 5 April 2019, 8 April 2019, 9 April 2019, 10 April 2019, 11 April 2019, 12 April 2019, 15 April 2019, 16 April 2019, 17 April 2019, 18 April 2019, 19 April 2019, 22 April 2019, 23 April 2019, 24 April 2019, 26 April 2019, 29 April 2019, 30 April 2019, 2 May 2019 and 7 May 2019 in relation to the Offer (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

The Board of Directors of KJCFB wishes to announce that the Company has today received the attached press notice from AmInvestment Bank, on behalf of CISB, informing that the Offeror has on 10 May 2019 posted the Compulsory Acquisition Notice to the Dissenting Shareholders (whose names appear in the Record of Depositors of KJCFB as at 5.00 p.m. (Malaysian time) on 7 May 2019) in accordance with Section 222(1) of the CMSA, notifying them of the Offeror’s intention to compulsorily acquire the Remaining Offer Shares held by the Dissenting Shareholders.


Subject to the provisions of the CMSA, the Offeror shall be registered as the holder of the Remaining Offer Shares not already owned by the Offeror:-

 

(i)     after the expiration of 1 month from the date of the Compulsory Acquisition Notice; or

 

(ii)   if applicable, after 14 days from the date of posting of the names and addresses of all other dissenting shareholders, as shown in the register of members and/or record of depositors, to the dissenting shareholder, upon his/her request,

 

whichever is later.

 

The compulsory acquisition exercise will be subject to the same terms and conditions as set out in the Offer Document or such other terms as the High Court thinks fit, on application made to it by the Dissenting Shareholders or the Offeror.

 

The Offer had closed at 5.00 p.m. (Malaysian time) on 30 April 2019. In addition, KJCFB had on 7 May 2019 submitted an application to Bursa Securities for the withdrawal of its listing status from the Official List of Bursa Securities in accordance with Paragraph 16.07 of the Listing Requirements.

 

Please refer to the attachments for further details.

 

This announcement is dated 10 May 2019.




Please refer attachment below.



Announcement Info

Company Name KIAN JOO CAN FACTORY BERHAD
Stock Name KIANJOO
Date Announced 10 May 2019
Category General Announcement for PLC
Reference Number GA1-10052019-00026