Salcon berhad ("Salcon" Or "Company") (a) proposed Acquisition of 74.165% oriental Capital Assurance Berhad ("Oriental") For RM129,805,536 by Cash (B) Proposed Mandatory General Offer By Salcon And the Parties Acting in Concert With It On The Remaining Ordinary Shares Of RM1.00 Each In Oriental ("Offer Shares")
BackAug 28, 2007
| General Announcement |
| Reference No MM-070829-6339 |
| Submitting Merchant Bank |
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MIMB INVESTMENT BANK BERHAD |
| Company Name |
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SALCON BERHAD |
| Stock Name |
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SALCON |
| Date Announced |
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28/08/2007 |
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| Type | : | Announcement |
| Subject | : | SALCON BERHAD ("Salcon" or "Company") (A) PROPOSED ACQUISITION OF 74.165% ORIENTAL CAPITAL ASSURANCE BERHAD ("ORIENTAL") FOR RM129,805,536 BY CASH (B) PROPOSED MANDATORY GENERAL OFFER BY SALCON AND THE PARTIES ACTING IN CONCERT WITH IT ON THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN ORIENTAL ("OFFER SHARES") |
Contents :
MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad), on behalf of the Board of Directors of Salcon is pleased to
announce that Salcon is proposing to undertake the above-mentioned proposals.Please refer to the attached document for the full text of the announcement pertaining to the above-mentioned proposals.
Salcon - Proposed Acquisition.docApp I - Proposed Acquisition.doc
This announcement is dated 28 August 2007.