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 |
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 Name | MBF HOLDINGS BERHAD |
Stock Name | MBFHLDG |
Date Announced | 9 Aug 2000 |
Category | General Announcement |
Reference No | MM-000809-56950 |