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 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | 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") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the offer document dated 3 October 2011 in relation to the Offer. We refer to the announcements made on 7 September 2011, 8 September 2011, 22 September 2011, 26 September 2011, 27 September 2011, 29 September 2011, 30 September 2011 and 13 October 2011 in relation to the Offer. The Board of Directors of Fututech wishes to announce that the Joint Advisers, on behalf of Egovision, had on 19 October 2011 informed the Company that the First Closing Date of the Offer has been extended to 5.00 p.m. (Malaysian time) on Monday, 31 October 2011. This announcement is dated 19 October 2011. | |
Announcement Info
| Company Name | FUTUTECH BERHAD |
| Stock Name | FUTUTEC |
| Date Announced | 19 Oct 2011 |
| Category | General Announcement |
| Reference No | OI-111019-62244 |