Reference is made to the announcement released on 29 August 2012 pertaining to the offer from Ninetology Marketing Sdn Bhd to purchase all and not partial of the Company’s shares held by Chin Boon Long, Firstwide Success Sdn Bhd, Landasan Simfoni Sdn Bhd and Titanium Hallmark Sdn Bhd aggregating to 214,297,656 ordinary shares of RM0.10 each, at an offer price of RM0.55 per share (“the Offer”).
Ingenuity Solutions Berahd (“ISB” or “the Company”) wishes to announce that Chin Boon Long and Firstwide Success Sdn Bhd (represented by Chin Boon Long) have via the press conference held this morning and via their letters sent to the registered office of the Company today, informed the Company of their rejection of the Offer.
Chin Boon Long, being a major shareholder of ISB, has written to the Company via his letter dated 5 September 2012 requested a Board seat in ISB. His appointment to the Board of ISB will be tabled to the Nomination Committee for consideration.
The Company will make the necessary announcement on any further development in relation to the above.