Bursa Announcements

Date : 29 September 2011

TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) FUTUTECH BERHAD (“FUTUTECH” OR THE “COMPANY”) UNCONDITIONAL MANDATORY TAKE-OVER OFFER by EGOVISION SDN BHD (“EGOVISION”) THROUGH OSK INVESTMENT BANK BERHAD (“OSK”) AND ASTRAMINA ADVISORY SDN BHD (“ASTRAMINA”) TO ACQUIRE THE FOLLOWING:- I. ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH (“FUTUTECH SHARE(S)”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE(S)”) FOR A CASH CONSIDERATION OF RM0.50 PER OFFER SHARE; AND II. ALL THE REMAINING WARRANTS NOT ALREADY HELD BY THE OFFEROR THAT HAVE NOT BEEN CONVERTED INTO FUTUTECH SHARES ON OR PRIOR TO THE CLOSING OF THE OFFER (“OFFER WARRANT(S)”) FOR A CASH CONSIDERATION OF RM0.09 PER OFFER WARRANT (COLLECTIVELY REFERRED TO AS THE “OFFER”)

FUTUTECH BERHAD

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionFUTUTECH BERHAD (“FUTUTECH” OR THE “COMPANY”)

UNCONDITIONAL MANDATORY TAKE-OVER OFFER by EGOVISION SDN BHD (“EGOVISION”) THROUGH OSK INVESTMENT BANK BERHAD (“OSK”) AND ASTRAMINA ADVISORY SDN BHD (“ASTRAMINA”) TO ACQUIRE THE FOLLOWING:-

I. ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH (“FUTUTECH SHARE(S)”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE(S)”) FOR A CASH CONSIDERATION OF RM0.50 PER OFFER SHARE; AND

II. ALL THE REMAINING WARRANTS NOT ALREADY HELD BY THE OFFEROR THAT HAVE NOT BEEN CONVERTED INTO FUTUTECH SHARES ON OR PRIOR TO THE CLOSING OF THE OFFER (“OFFER WARRANT(S)”) FOR A CASH CONSIDERATION OF RM0.09 PER OFFER WARRANT

(COLLECTIVELY REFERRED TO AS THE “OFFER”)
We refer to the announcements made on 7 September 2011, 8 September 2011, 22 September 2011, 26 September 2011 and 27 September 2011 in relation to the Offer.
On behalf of the Board of Egovision Sdn Bhd, OSK Investment Bank Berhad and Astramina Advisory Sdn Bhd (“Joint Advisers”) wish to inform that the Securities Commission Malaysia had vide its letter dated 29 September 2011 approved the application by Egovision for an extension of time to despatch the Offer Document of Fututech within one (1) market day after receiving the approval of Ministry of International Trade and Industry.

This announcement is dated 29 September 2011.


Announcement Info

Company NameFUTUTECH BERHAD  
Stock Name FUTUTEC    
Date Announced29 Sept 2011  
CategoryGeneral Announcement
Reference NoOI-110929-65186

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