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Proposed Acquisition of 40% Equity Interests In Syarikat Borcos Shipping Sdn Bhd For An Aggregate Cash Consideration Of RM132,080,000 ("Proposed Acquisiton")

BackSep 09, 2009
General Announcement
Reference No MB-090909-33177

 

Submitting Merchant Bank
:
AMINVESTMENT BANK BERHAD  
Company Name
:
DAYANG ENTERPRISE HOLDINGS BERHAD  
Stock Name
:
DAYANG  
Date Announced
:
09/09/2009  


Type
:
Announcement
Subject
:
DAYANG ENTERPRISE HOLDINGS BERHAD

- PROPOSED ACQUISITION OF 40% EQUITY INTERESTS IN SYARIKAT BORCOS SHIPPING SDN BHD FOR AN AGGREGATE CASH CONSIDERATION OF RM132,080,000 ("PROPOSED ACQUISITON")

Contents
:
On behalf of the Board of Directors of Dayang Enterprise Holdings Bhd ("DEHB"), AmInvestment Bank Berhad, a member of AmInvestment Bank Group, is pleased to announce that DEHB had on even date entered into a Sale and Purchase Agreement with AWH Equity Holdings Sdn Bhd ("AWH") for the acquisition of 1,800,000 ordinary shares of RM1.00 each in Syarikat Borcos Shipping Sdn Bhd ("SBSSB"), representing 40% equity interests in SBSSB, from AWH for a cash consideration of RM132,080,000 ("Proposed Acquisition").

Kindly refer to the attachment for further details.

This announcement is dated 9 September 2009.

Attachments

  1. Dayang090909.pdf (Size: 101,442 bytes)