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") |
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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 and 30 April 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 Offer has closed at 5.00 p.m. (Malaysian time) today, 30 April 2019 (“Final Closing Date”).
As at 5.00 p.m. (Malaysian time) on the Final Closing Date, based on the Valid Acceptances, the Offeror and the Ultimate Offeror collectively hold 432,958,672 KJCFB Shares, representing approximately 97.48% of the total KJCFB Shares.
As set out in Section 6 of the Offer Document, the Offeror and the Ultimate Offeror do not intend to maintain the listing status of KJCFB. In accordance with Paragraph 16.02(3) of the Listing Requirements, Bursa Securities shall suspend the trading of the securities of KJCFB commencing 9 May 2019, being the expiry of 5 Market Days from the Final Closing Date. Accordingly, the Offeror will procure KJCFB to make 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.
In addition, as the Offeror had received Valid Acceptances of not less than nine-tenths (9/10) in the value of the KJCFB Shares (excluding KJCFB Shares already held by the Offeror and the PACs as at the Posting Date), the Offeror and the Ultimate Offeror intend to invoke the provisions of Section 222(1) of the CMSA to compulsorily acquire any Remaining Offer Shares.
Accordingly, the Offeror will issue the Compulsory Acquisition Notice, which will be sent to all Dissenting Shareholders within 2 months from 26 April 2019, being the date of receipt of the Valid Acceptances by the Offeror of not less than nine-tenths (9/10) in the value of the KJCFB Shares (excluding KJCFB Shares already held by the Offeror and the PACs as at the Posting Date).
In accordance with Paragraph 13.01 of the Rules, the disclosure on the level of acceptances for the Offer in respect of the KJCFB Shares as at 5.00 p.m. (Malaysian time) on the Final Closing Date is set out in the attached press notice.
This announcement is dated 30 April 2019. |
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Please refer attachment below.
Announcement Info
| Company Name | KIAN JOO CAN FACTORY BERHAD |
| Stock Name | KIANJOO |
| Date Announced | 30 Apr 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30042019-00125 |