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April 24, 2024 -Wednesday |
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PRESS RELEASE - HOVID BERHAD : EXTENSION PRESS NOTICE
Friday 17/11/2017
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")
— EXTENSION OF CLOSING DATE
KUALA LUMPUR, Nov 17 (Bernama) -- (Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document relating to the Offer dated 30 October 2017 ("Offer Document'))
We refer to the Offer Document which sets out the details and the terms and conditions of the Offer.
On behalf of the Joint Offerors, we wish to inform the Holders that the closing date of the Offer and time for acceptances of the Offer has been extended from 5.00 p.m. (Malaysian time) on 20 November 2017 to 5.00 p.m. (Malaysian Time) on 4 December 2017 ("Extended Closing Date"). Save for the Extended Closing Date, all other details and the terms and conditions as set out in the Offer Document remain unchanged.
The Notice of this Extended Closing Date will be despatched to the Holders accordingly.
In accordance with Paragraph 13.01 of the Rules, the detailed disclosure on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on Friday, 17 November 2017 is set out in Appendix I of this press notice.
Holders who wish to accept the Offer are advised to refer to the Offer Document for the details, terms and conditions of the Offer and the procedures for acceptance of the Offer. Holders are also advised to carefully consider the Independent Advice Circular dated 9 November 2017 before making any decision. You do not need to take any action if you have already sold all your Shares or Warrants or have already accepted the Offer.
Click here for Hovid Berhad Extension Press Notice Appendix 1 and 2
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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