TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) FUTUTECH BERHAD (“FUTUTECH” OR THE “COMPANY”) APPLICATION FOR AN EXTENSION OF TIME FOR THE DESPATCH OF THE INDEPENDENT ADVICE CIRCULAR (“IAC”) IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY EGOVISION SDN. BHD. (“EGOVISION” OR THE “OFFEROR”) THROUGH OSK INVESTMENT BANK BERHAD (“OSK”) AND ASTRAMINA ADVISORY SDN. BHD. (“ASTRAMINA”) (“JOINT ADVISERS”) TO ACQUIRE THE FOLLOWING:- (I) ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH (“FUTUTECH SHARES”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE”) FOR A CASH CONSIDERATION OF RM0.50 PER OFFER SHARE; AND (II) ALL THE REMAINING WARRANTS (THAT HAVE NOT BEEN EXERCISED INTO FUTUTECH SHARES) NOT ALREADY HELD BY THE OFFEROR ON OR PRIOR TO THE CLOSING OF THE OFFER (“OFFER WARRANT”) 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”) APPLICATION FOR AN EXTENSION OF TIME FOR THE DESPATCH OF THE INDEPENDENT ADVICE CIRCULAR (“IAC”) IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY EGOVISION SDN. BHD. (“EGOVISION” OR THE “OFFEROR”) THROUGH OSK INVESTMENT BANK BERHAD (“OSK”) AND ASTRAMINA ADVISORY SDN. BHD. (“ASTRAMINA”) (“JOINT ADVISERS”) TO ACQUIRE THE FOLLOWING:- (I) ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH (“FUTUTECH SHARES”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE”) FOR A CASH CONSIDERATION OF RM0.50 PER OFFER SHARE; AND (II) ALL THE REMAINING WARRANTS (THAT HAVE NOT BEEN EXERCISED INTO FUTUTECH SHARES) NOT ALREADY HELD BY THE OFFEROR ON OR PRIOR TO THE CLOSING OF THE OFFER (“OFFER WARRANT”) FOR A CASH CONSIDERATION OF RM0.09 PER OFFER WARRANT (COLLECTIVELY REFERRED TO AS THE “OFFER”) |
We refer to the Company’s announcement dated 7, 8 and 22 September 2011 in relation to the Offer. Pursuant to subsection 15(2) of the Malaysian Code on Take-Overs and Mergers, 2010, the IAC would have to be despatched to the holder of the Offer Share and Offer Warrant (“Holder”) within ten (10) days from the date the offer document was despatched to the Holder. Pursuant to the above, the last day for the despatch of the IAC falls on 13 October 2011. In this regard, the Company, wishes to announce that TA Securities Holdings Berhad (“TA Securities”), the Independent Adviser pursuant to the Offer, has submitted to the Securities Commission (“SC”) an application to seek an extension of time for an additional five (5) market days up to 20 October 2011 for the despatch the IAC to the Holder (“Application”). The Application is being considered by the SC and an announcement in relation to the outcome will be released in due course. This announcement is dated 13 October 2011.
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Announcement Info
| Company Name | FUTUTECH BERHAD |
| Stock Name | FUTUTEC |
| Date Announced | 13 Oct 2011 |
| Category | General Announcement |
| Reference No | CA-111013-51008 |