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Take-overs & Mergers (Paragraph/rule 9.19 (47a))

BackMar 09, 2018
Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description

MBM RESOURCES BERHAD ("MBMR") - NOTIFICATION BY SUBSTANTIAL SHAREHOLDERS OF A RECEIPT OF AN OFFER TO ACQUIRE THEIR ENTIRE EQUITY INTEREST HELD IN MBMR

The Board of MBMR has been notified by Med-Bumikar Mara Sdn Bhd (“Med-Bumikar”) and Central Shore Sdn Bhd (“Central Shore”), a wholly owned subsidiary of Med Bumikar (collectively referred to as “Substantial Shareholders”), that they have received a letter of offer dated 7 March 2018 from UMW Holdings Berhad (“Purchaser”) proposing to acquire:

(i) 193,504,349 ordinary shares in the Company (“MBMR Shares”), representing 49.5% of the issued share capital of MBMR held by Med Bumikar; and

(ii) 2,213,402 MBMR Shares, representing 0.57% of the issued share capital of MBMR held by Central Shore

for a total cash purchase consideration of RM501,037,443, equivalent to RM2.56 per MBMR Share (“Proposed Acquisition”).

Kindly refer to the attachment for further details.

This announcement is dated 9 March 2018.

 



Please refer attachment below.

 

Announcement Info

Company Name MBM RESOURCES BHD
Stock Name MBMR
Date Announced 09 Mar 2018
Category General Announcement for PLC
Reference Number GA1-08032018-00044

Attachments

  1. MBMR-Draft_announcement-Take_Over.09.03.2018.pdf (Size: 232,978 bytes)