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Bursa Announcements

Date : 06 October 2000

RHB CAPITAL BERHAD ("RHB CAPITAL") RHB SAKURA MERCHANT BANKERS BERHAD ("RHB SAKURA") PROPOSED GROUP RESTRUCTURING SCHEME

RHB SAKURA MERCHANT BANKERS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-001004-55244
SubjectRHB CAPITAL BERHAD ("RHB CAPITAL")
RHB SAKURA MERCHANT BANKERS BERHAD ("RHB SAKURA")

PROPOSED GROUP RESTRUCTURING SCHEME

Contents :

We refer to our announcements dated 25 September 2000 and 3 October 2000 and the Exchange’s letter dated 4 October 2000 in relation to the Proposed Group Restructuring Scheme.


In this respect, on behalf of RHB Sakura, we are pleased to furnish the Exchange with the following additional information as provided by RHB Capital:-

(1) Proposed Transfer of Securities Businesses

      The proposed issue price of RM3.80 per RHB Securities Berhad ("RHB Securities") share pursuant to the above-mentioned transaction was arrived at by RHB Capital based on the theoretical value of RHB Securities after taking into account the proposed transfer value of RHB Sakura to RHB Bank at 1.78 times the net tangible assets value at completion date which was arrived at on a willing buyer willing seller basis after taking into account the independent valuation of RHB Sakura.
This announcement is dated 6 October 2000.

Query Letter Contents :

We refer to your announcements dated 25 September 2000 and 3 October 2000 in
respect of the aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
(1) Proposed Transfer of Securities Businesses
Basis in arriving at RM3.80 per RHB Securities Berhad's share.

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 NameRHB SAKURA MERCHANT BANKERS BERHAD  
Stock Name RHBMB    
Date Announced6 Oct 2000  
CategoryGeneral Announcement
Reference NoCU-001005-69214
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