TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) FUTUTECH BERHAD (“FUTUTECH” OR THE “COMPANY”) 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”) TO ACQUIRE THE FOLLOWING:- (I) ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN FUTUTECH BERHAD (“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 (THAT HAVE NOT BEEN CONVERTED INTO FUTUTECH SHARES) NOT ALREADY HELD BY THE OFFEROR 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” OR THE “OFFEROR”) 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 BERHAD (“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 (THAT HAVE NOT BEEN CONVERTED INTO FUTUTECH SHARES) NOT ALREADY HELD BY THE OFFEROR 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 Board of Directors of Fututech wishes to announce that it has, on 31 October 2011 received a press release from OSK on behalf of the Offeror, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on Monday, 31 October 2011 (“Closing Date”). The detailed disclosure on the level of acceptances for the Offer as at 5.00 p.m. (Malaysian time) on the Closing Date, in accordance with the requirement of Section 26(1) of the Malaysian Code on Take-Overs and Mergers 2010 is set out in Table 1 and Table 2 of the attached press notice. This announcement is dated 31 October 2011. |
Announcement Info
Company Name | FUTUTECH BERHAD |
Stock Name | FUTUTEC |
Date Announced | 31 Oct 2011 |
Category | General Announcement |
Reference No | OI-111031-61996 |