2 Dec 2010
RECEIPT OF NOTICE OF CONDITIONAL TAKE OVER OFFER
Author: admin | Filed under: Announcement
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Announcement |
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MESB BERHAD (“MESB” or “the Company”)
– RECEIPT OF NOTICE OF CONDITIONAL TAKE OVER OFFER FROM HWANGDBS INVESTMENT BANK BERHAD ON BEHALF OF TEOH HWA PENG (“NOTICE”) |
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| We refer to the announcements dated 26 November 2010 and 27 November 2010 in relation to the Offer.
The Board wishes to announce that the Board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the Offer Shares.
In accordance with the Malaysian Code on Take-Overs and Mergers, 1998 (“the Code”), the Board will appointed TA Securities Holdings Berhad as the Independent Adviser to advise the Independent Directors and holders of Offer Shares on the reasonableness of the Offer and shall make an announcement on the matter. TA Securities Holdings Berhad’s appointment as Independent Adviser is subject to the approval of the Securities Commission (“SC”).
An Independent Advice Circular from the Independent Adviser together with the recommendation of your Board on the Offer, will be despatched to the shareholders of MESB within ten (10) days from the date of despatch of the Offer Document or any later date as may be approved by the SC.
This announcement is dated 2 December 2010. |
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