| 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 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 announcement dated 30 January 2012 in relation to the Proposed Share Exchange and Proposed IASC.) We refer to the announcements dated 30 January 2012, 18 July 2012, 6 November 2012 and 7 December 2012 in relation to the Proposed Share Exchange and Proposed IASC. On behalf of the Board of Ekovest, CIMB wishes to announce that Ekovest had on 25 January 2013 entered into a restated share exchange agreement with the WK Shareholders to restate the terms of the Share Exchange Agreement dated 30 January 2012. In addition, CIMB wishes to announce that the Company was notified on even date by Tan Sri Lim and his PAC, namely Dato’ Haris, Ekovest Holdings Sdn Bhd, Lim Hoe, Lee Hun Kheng, Lim Seong Hai Holdings Sdn Bhd, Fablelite Sdn Bhd and Khoo Nang Seng @ Khoo Nam Seng on their intention to seek the Proposed Exemption. Please refer to the attachment for further details.
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 25 Jan 2013 |
| Category | General Announcement |
| Reference No | MM-130125-60473 |
Attachments