BURSA ANNOUNCEMENTS

Date : 09 August 2000

MBf HOLDINGS BERHAD ("MBf-H" or "Company") Proposed disposal by MBf Asia Capital Corporation Limited ("MACC-L"), a wholly owned subsidiary company of MBf-H of 914,850 ordinary shares of RM1.00 each in MBf Card Services Sdn Bhd ("MBf Card Shares") representing 17.38% equity interest therein to Advent International Corporation ("Advent") for a total cash consideration of up to a maximum of RM29,207,086 ("Proposed Disposal")

MBF HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-000803-72417
Subject
MBf HOLDINGS BERHAD ("MBf-H" or "Company")
Proposed disposal by MBf Asia Capital Corporation Limited ("MACC-L"), a wholly owned subsidiary company of MBf-H of 914,850 ordinary shares of RM1.00 each in MBf Card Services Sdn Bhd ("MBf Card Shares") representing 17.38% equity interest therein to Advent International Corporation ("Advent") for a total cash consideration of up to a maximum of RM29,207,086 ("Proposed Disposal")

Contents :

UNQUOTE



Further to the Company’s announcement dated 2 August 2000 pertaining to the above, the Board of Directors of MBf-H wishes to announce the following additional information:

(i) Advent shall not assume any liabilities pursuant to the Proposed Disposal;

(ii) The original cost of investment to MACC-L for the of 914,850 MBf Card Shares representing 17.38% equity interest therein is RM8.861 million being the purchase consideration on 7 August 1993; and

(iii) Advent is acting as General Partner for the private equity funds, which will acquire the MBf Card Shares from MBf Asia Capital Corporation Limited and MBf Capital. These funds are formed as limited partnerships where Advent is the General Partner and hence there is no board’s representation.


This announcement is dated 9 August 2000.


UNQUOTE


Yours faithfully
For and on behalf
BUMIPUTRA MERCHANT BANKERS BERHAD






JEREMY LOO CHAN YUE
Deputy General Manager
Corporate Finance


c.c.: Securities Commission

      Issues and Investment Division
      Attn: Mr Wong Wing Seong

c.c.: MBf Holdings Berhad
Attn: Y Bhg. Dato’ Loy Teik Ngan/Mr Yap Boon Teck

Query Letter Contents :

We refer to the announcement dated 2 August 2000 in respect of the aforesaid
matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
(1) Name of directors and substantial shareholders and their respective
shareholdings
in Advent.
(2) Particulars of all liabilities to be assumed by Advent, arising from the
Proposed Disposal.
(3) The original cost of investment to MACC-L for the 17.38% equity interest in
MBf Card
and the date of investment.

Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.


Yours faithfully,

Chong Fui Tzy
Manager, Listing Operations
HTH/TFM



Announcement Info

Company NameMBF HOLDINGS BERHAD  
Stock Name MBFHLDG    
Date Announced9 Aug 2000  
CategoryGeneral Announcement
Reference NoMM-000809-56950

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