KLSE Screener
Screener
Stock Screener
Warrant Screener
Market
Overview
Heatmap
Entitlements
Dividend
Share issued
Financial
News
News
Announcements
Discussions
Comments
Ideas
Login
Feedback
Help
Contact us
Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
HELP
(%)
TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR THE “COMPANY”) - UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY BETTER EDUCATION ENTERPRISE SDN. BHD. (“BEE” OR THE “OFFEROR”) TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN HIC (“HIC SHARES” OR “OFFER SHARES”) FOR A CASH CONSIDERATION OF RM2.53 PER OFFER SHARE (“OFFER”)
HELP INTERNATIONAL CORPORATION BERHAD
Type
Announcement
Subject
TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
HELP INTERNATIONAL CORPORATION BERHAD (“HIC” OR THE “COMPANY”) - UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY BETTER EDUCATION ENTERPRISE SDN. BHD. (“BEE” OR THE “OFFEROR”) TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN HIC (“HIC SHARES” OR “OFFER SHARES”) FOR A CASH CONSIDERATION OF RM2.53 PER OFFER SHARE (“OFFER”)
Contents:
Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the document setting out the details, terms and conditions of the Offer dated 26 December 2013 (
“Offer Document”
).
We refer to our announcements dated 5 December 2013, 26 December 2013, 6 January 2014, 9 January 2014 and 10 January 2014 in relation to the Offer.
The Board of Directors of HIC (“
Board
”) wishes to announce that it had today, received a press release from RHB Investment Bank on behalf of the Offeror, informing the holders of the Offer Shares that the Offer has closed as at 5.00 p.m. (Malaysian time) on Monday, 20 January 2014
(
“Final
Closing Date”
).
On the Final Closing Date, the Offeror holds 138,135,501 HIC Shares, representing approximately 97.25% of the issued and paid-up share capital of HIC.
As announced on 9 January 2014, the Offeror has received valid acceptances of not less than nine-tenths (9/10) in nominal value of the Offer Shares and the Offeror will proceed to invoke Section 222 of the CMSA to compulsorily acquire any remaining Offer Shares for which valid acceptances have not been received under the Offer within two (2) months from 9 January 2014.
In addition, the Offeror will procure HIC to file an application with Bursa Securities to withdraw HIC’s listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Listing Requirements.
The press release from RHB Investment Bank send on behalf of the Offeror dated 20 January 2014 is attached herewith.
This announcement is dated 20 January 2014.
Attachments
Press release-close offer.pdf
170 KB
Announcement Info
Company Name
HELP INTERNATIONAL CORPORATION BERHAD
Stock Name
HELP
Date Announced
20 Jan 2014
Category
General Announcement
Reference No
CS-140120-E8CD6
View original announcement