Bursa Announcements

Date : 16 January 2001

ANNOUNCEMENT TO THE KUALA LUMPUR STOCK EXCHANGE BY MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD ON BEHALF OF MAN YAU HOLDINGS BERHAD IN RELATION TO A PROPOSED RESCUE CUM RESTRUCTURING SCHEME COMPRISING:- · PROPOSED SCHEMES OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 IN RELATION TO DEBT RESTRUCTURING AND SHARE EXCHANGE PROPOSALS · PROPOSED REVERSE TAKE-OVER OF MAN YAU HOLDINGS BERHAD VIA ACQUISITIONS OF VARIOUS COMPANIES · PROPOSED PRIVATE PLACEMENT · PROPOSED EMPLOYEE SHARE OPTION SCHEME

MAN YAU HOLDINGS BHD

Type

Reply to query
Reply to Query Letter by KLSE reference IDMN-010112-39632
SubjectANNOUNCEMENT TO THE KUALA LUMPUR STOCK EXCHANGE BY MALAYSIAN
INTERNATIONAL MERCHANT BANKERS BERHAD ON BEHALF OF MAN YAU HOLDINGS
BERHAD IN RELATION TO A PROPOSED RESCUE CUM RESTRUCTURING SCHEME
COMPRISING:-

· PROPOSED SCHEMES OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES
ACT, 1965 IN RELATION TO DEBT RESTRUCTURING AND SHARE EXCHANGE PROPOSALS
· PROPOSED REVERSE TAKE-OVER OF MAN YAU HOLDINGS BERHAD VIA
ACQUISITIONS OF VARIOUS COMPANIES
· PROPOSED PRIVATE PLACEMENT
· PROPOSED EMPLOYEE SHARE OPTION SCHEME

Contents :

The Board of Directors of Man Yau Holdings Berhad (“MYHB” or the “Company”) has authorised Malaysian International Merchant Bankers Berhad ("MIMB") to release the following announcement on behalf of the Company:-


To view full details of this announcement, please refer to the attachment


MANYAU (MM-010116-62853).pdfMANYAU (MM-010116-62853)-1.pdf





Query Letter Contents :

We refer to MYHB's announcement dated 11 January 2001, in respect of the
aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1. Salient features of the Share Purchase Agreements;
2. Particulars of all liabilities to be assumed by Kinta Mestika Sdn Bhd
("KMSB"), arising from the Proposed Acquisitions;
3. The original cost of investment to the respective vendors in Applied
Business Systems Sdn Bhd, BASS Consulting Sdn Bhd, Applied Information
Management Services Sdn Bhd, Atlas CSF Sdn Bhd, Continuous Network Advisers Sdn
Bhd and Continuous Network Services Sdn Bhd ("Acquiree Companies"), and the
dates of such investments;
4. Details of the indemnity to be provided by the Promoters to KMSB for any
shortfall in the net tangible assets of the Acquiree Companies; and
5. How the issue price of RM1.10 per share for the Proposed Private Placement
was arrived at.
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.

Yours faithfully


TAN YEW ENG
Senior Manager, Listing Operations
LMN\
copy to:- Securities Commission (via fax)



Announcement Info

Company NameMAN YAU HOLDINGS BHD  
Stock Name MANYAU    
Date Announced16 Jan 2001  
CategoryGeneral Announcement
Reference NoMM-010116-62853

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