Circular To Shareholders In Relation To The A) Proposed Acquisition Of 74,174,592 Ordinary Shares Of RM1.00 Each Representing Approximately 74.165% Of The Issued And Paid-up Share Capital Of Oriental Capital Assurance Berhad ("Oriental") By Salcon Berhad ("Salcon") From Maika Holdings Berhad For RM1.75 Per Share Or A Total Cash Consideration Of RM129,805,536 ("Proposed Acquisition") And B) Proposed Mandatory General Offer By Salcon For The Remaining Ordinary Shares Of RM1.00 Each In Oriental Which Are Not Already Owned By It For A Cash Consideration Of RM1.75 Per Share, Upon The Conditional Share Sale Agreement Dated 28 August 2007 In Relation To The Proposed Acquisition Becoming Unconditional
BackOct 05, 2007
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE A) PROPOSED ACQUISITION OF 74,174,592 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 74.165% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ORIENTAL CAPITAL ASSURANCE BERHAD ("ORIENTAL") BY SALCON BERHAD ("SALCON") FROM MAIKA HOLDINGS BERHAD FOR RM1.75 PER SHARE OR A TOTAL CASH CONSIDERATION OF RM129,805,536 ("PROPOSED ACQUISITION") AND B) PROPOSED MANDATORY GENERAL OFFER BY SALCON FOR THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN ORIENTAL WHICH ARE NOT ALREADY OWNED BY IT FOR A CASH CONSIDERATION OF RM1.75 PER SHARE, UPON THE CONDITIONAL SHARE SALE AGREEMENT DATED 28 AUGUST 2007 IN RELATION TO THE PROPOSED ACQUISITION BECOMING UNCONDITIONAL |
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 5 Oct 2007 |
| Category | Document Receipt |
| Reference No | JM-071005-54656 |
Attachments
- SALCON-Cover-Definitions-Contents-LetterToShareholders-Appendix_I_-_III.pdf (Size: 1,575,995 bytes)
- SALCON-Appendix_IV_-_V-ProxyForm.pdf (Size: 2,854,254 bytes)