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Transactions (Chapter 10 of Listing Requirements):Combination Of Transactions

Mar 19, 2013

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
Description EKOVEST BERHAD (“EKOVEST”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EKOVEST (“PROPOSED IASC”); AND

(II) PROPOSED EXEMPTION SOUGHT BY TAN SRI DATO' LIM KANG HOO (“TAN SRI LIM”) AND THE PERSONS ACTING IN CONCERT (“PAC”) WITH TAN SRI LIM UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN EKOVEST NOT ALREADY OWNED BY TAN SRI LIM AND THE PAC WITH TAN SRI LIM UPON COMPLETION OF THE PROPOSED SHARE EXCHANGE (“PROPOSED EXEMPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcements dated 30 January 2012 and 25 January 2013 in relation to the Proposals.)

We refer to the announcement dated 30 January 2013 in relation to the Proposals. On behalf of Ekovest, CIMB wishes to announce that Bursa Securities had approved the listing of and quotation for 126,723,735 new ordinary shares of RM1.00 each in Ekovest to be issued pursuant to the Proposed Share Exchange, subject to the following conditions:-

(i)             Ekovest and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Share Exchange;

(ii)            Ekovest and CIMB to inform Bursa Securities upon the completion of the Proposed Share Exchange; and

(iii)           Ekovest to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Exchange is completed.

This announcement is dated 19 March 2013.

 

 

Announcement Info

Company Name EKOVEST BERHAD  
Stock Name EKOVEST    
Date Announced 19 Mar 2013  
Category General Announcement
Reference No MM-130319-52540
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