RHB CAPITAL BERHAD ("RHB CAPITAL") RHB SAKURA MERCHANT BANKERS BERHAD ("RHB SAKURA") PROPOSED GROUP RESTRUCTURING SCHEME
RHB SAKURA MERCHANT BANKERS BERHAD |
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.
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 Name | RHB SAKURA MERCHANT BANKERS BERHAD |
Stock Name | RHBMB |
Date Announced | 6 Oct 2000 |
Category | General Announcement |
Reference No | CU-001005-69214 |