| 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 (III) 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”) |
We refer to the announcements dated 30 January 2012, 18 July 2012, 6 November 2012, 7 December 2012, 25 January 2013 and 30 January 2013 in relation to the Proposals. In accordance with the Malaysian Code on Take-Overs and Mergers 2010, the Board of Directors of Ekovest (“Board”) wishes to announce that OSK Investment Bank Berhad has been appointed as the independent adviser for the Proposed Exemption to advise the non-interested shareholders of Ekovest on the fairness and reasonableness of the Proposed Exemption. This announcement is dated 31 January 2013. |
|
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 31 Jan 2013 |
| Category | General Announcement |
| Reference No | EE-130131-36633 |