News

Take-Overs & Mergers (Chapter 11 Of Listing Requirements)

BackJul 24, 2015
Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
DAYANG ENTERPRISE HOLDINGS BERHAD ("DAYANG" OR "COMPANY")

CONDITIONAL TAKE-OVER OFFER BY THE OFFEROR THROUGH MAYBANK IB TO ACQUIRE THE OFFER SECURITIES FOR A CASH OFFER PRICE OF RM1.55 PER PPB SHARE AND RM0.84 PER PPB WARRANT ("OFFER")

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 23 July 2015 which sets out the details, terms and condition of the Offer together with the Form(s) of Acceptance and Transfer (“Offer Document”)).

 

We refer to the Company’s announcements dated 14 May 2015, 17 June 2015, 2 July 2015, 7 July 2015 and 23 July 2015 in relation to the Offer.

 

On behalf of the Board of Directors of Dayang, Maybank Investment Bank Berhad is pleased to announce that as at 5.00 p.m. (Malaysian time) on 24 July 2015, the Offeror has received valid acceptances of the Offer in respect of 11,779,000 PPB Shares, representing 1.57% of PPB’s issued and paid-up share capital, resulting in the Offeror and the PAC holding in aggregate, together with such PPB Shares that are already held or entitled to be acquired or held by the Offeror, more than 50% of the voting shares of PPB.

 

Accordingly, the Acceptance Condition has been fulfilled and the Offer has become wholly unconditional on 24 July 2015 (“Unconditional Date”).

 

All other details, terms and condition of the Offer as set out in the Offer Document shall remain unchanged.

 

Pursuant to Section 25(3) of the Code and in accordance with the terms and conditions as set out in the Offer Document, the Offeror shall keep the Offer open for acceptances for at least fourteen (14) days from the Unconditional Date. As such, the Offer shall remain open for acceptances until 5.00 p.m. (Malaysian time) on Thursday, 13 August 2015 (“Final Closing Date”).

 

Please note that there will be no further extension of the Final Closing Date.


Kindly refer to the attached press notice for further details.

 

This announcement is dated 24 July 2015.



Please refer attachment below.

 


Announcement Info

Company Name DAYANG ENTERPRISE HOLDINGS BERHAD
Stock Name DAYANG
Date Announced 24 Jul 2015
Category General Announcement for PLC
Reference Number GA1-24072015-00079

 

Attachments

  1. Press_release_-_Dayang270715.pdf (Size: 725,091 bytes)