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发表于 3-7-2012 07:12 PM
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OSK HOLDINGS BERHAD | 03/07/2012 06:27:24 PM |
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | OSK HOLDINGS BERHAD (“OSKH” OR THE “COMPANY”)
PROPOSED DISPOSAL BY OSKH TO RHB CAPITAL BERHAD (“RHBC”) OF THE FOLLOWING ENTITIES:-
(I) 100% EQUITY INTEREST IN OSK INVESTMENT BANK BERHAD (“OSKIB”);
(II) 20% EQUITY INTEREST IN OSK TRUSTEES BERHAD (“OSKTB”);
(III)20% EQUITY INTEREST IN MALAYSIAN TRUSTEES BERHAD (“MTB”); AND
(IV) 100% EQUITY INTEREST IN OSK INVESTMENT BANK (LABUAN) LIMITED (“OSKL”),
FOR A TOTAL DISPOSAL CONSIDERATION OF RM1,977.50 MILLION TO BE SATISFIED THROUGH THE ISSUANCE OF 245.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN RHBC (“RHBC SHARE(S)”) AT AN ISSUE PRICE OF RM7.36 PER RHBC SHARE AND RM174.3 MILLION IN CASH (“PROPOSED DISPOSAL”); AND THE SUBSEQUENT MERGER OF THE INVESTMENT BANKING BUSINESSES OF OSKH AND RHBC (“PROPOSED MERGER”)
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) | We refer to the announcements made by the Company on 29 September 2011, 14 October 2011, 11 January 2012, 27 April 2012, 24 May 2012 and 28 May 2012 in relation to the Proposals.
On behalf of the Board of Directors of OSKH, OSKIB wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 3 July 2012, confirmed that upon completion of the Proposed Disposal, OSKH will not trigger criteria 2.1(g) and (h) of Practice Note 17 of the Main Market Listing Requirements of Bursa Securities (“PN17”).
Accordingly, OSKH will not be classified as an Affected Listed Issuer under PN17 upon completion of the Proposed Disposal.
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