Bursa Announcements

Date : 06 January 2012

TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) FUTUTECH BERHAD (“FUTUTECH” OR “COMPANY”) UNCONDITIONAL TAKE-OVER OFFER BY 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 (“FUTUTECH SHARE(S)”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE(S)”) FOR A CASH CONSIDERATION 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 “COMPANY”)

UNCONDITIONAL TAKE-OVER OFFER BY 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 (“FUTUTECH SHARE(S)”) NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARE(S)”) FOR A CASH CONSIDERATION 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, 27 September 2011, 29 September 2011, 30 September 2011, 13 October 2011, 19 October 2011 and 31 October 2011 in relation to the Offer.
On behalf of the Board of Fututech, OSK wishes to announce that the Securities Commission Malaysia, had vide its letter dated 6 January 2012 informed Fututech that the Company is required to restore its Bumiputera equity participation from 0.27% of the Company’s issued and paid-up share capital (as at 31 October 2011, being the date following the completion of the Offer) to 0.34% of the Company’s issued and paid-up capital, being the level of Bumiputera equity holdings before the Offer, in undertaking any proposal to meet the public shareholding spread requirement which was granted an extension of time up to 19 January 2012 by Bursa Malaysia Securities Berhad to rectify the public shareholding spread pursuant to the Offer.

As at the time of this announcement, the Board of Directors has yet to formulate a plan and will deliberate on the next course of action to comply with the public shareholding spread requirement.

This announcement is dated 6 January 2012.


Announcement Info

Company NameFUTUTECH BERHAD  
Stock Name FUTUTEC    
Date Announced6 Jan 2012  
CategoryGeneral Announcement
Reference NoOI-120106-64427

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