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PRESS RELEASE - HOVID BERHAD
Monday 16/10/2017
FAJAR ASTORIA SDN BHD AND HO SUE SAN @ DAVID HO SUE SAN (COLLECTIVELY, THE "JOINT OFFERORS")
CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES AND WARRANTS OF HOVID BERHAD ("HOVID") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM0.38 PER OFFER SHARE AND RM0.20 PER OFFER WARRANT ("OFFER")
DISCLOSURE OF DEALINGS IN ACCORDANCE WITH RULE 19 OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS ("RULES")
KUALA LUMPUR, Oct 16 (Bernama) -- We refer to the announcement dated 9 October 2017 by Hovid on the Offer.
Pursuant to Rule 19.04(1) of the Rules, we wish to inform that CIMB group has dealt in the securities of Hovid for its own account, details of which are as follows: Date | Name | Description of transaction | Description of security | Quantity | Average price (RM) | 10 Oct 2017 | CIMB Investment Bank Berhad | Disposal | Ordinary shares | 10,000 | 0.365 | 10 Oct 2017 | CIMB Investment Bank Berhad | Purchase | Ordinary shares | 10,000 | 0.370 |
For and on behalf of CIMB Investment Bank Berhad Debbie Leong Managing Director Corporate Finance Investment Banking Malaysia Perry Lye Director Corporate Finance Investment Banking Malaysia SOURCE : CIMB Group FOR MORE INFORMATION, PLEASE CONTACT: Name : Debbie Leong Managing Director Tel : 03-2261 0998 Email : debbie.leong@cimb.com
Name : Perry Lye Director Tel : 03-2261 0361 Email : perry.lyelyh@cimb.com
Name : Eugene Khoo Senior Associate Tel : 03-2261 0301 Email : eugene.khoo@cimb.com
Name : Vishnu Chandran Associate Tel : 03-2261 0351 Email : vishnu.chandran@cimb.com
--BERNAMA |
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