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 our announcement made on 13 October 2011 with respect to the extension of time to despatch the Independent Advice Circular ("IAC") in relation to the Offer. The Company wishes to announce that the Securities Commission had vide its letter dated 19 October 2011 granted its approval for the Company to despatch the IAC to the shareholders and warrant holders by 20 October 2011. |
Announcement Info
Company Name | FUTUTECH BERHAD |
Stock Name | FUTUTEC |
Date Announced | 19 Oct 2011 |
Category | General Announcement |
Reference No | CA-111019-42599 |