Jan 13, 2011
PROPOSED ACQUISITIONS OF(I) 26,985,030 ORDINARY SHARES OF RM1.00 EACH IN KINABALU MOTOR ASSEMBLY SDN. BHD. ("KMASB"); AND(II) 5,400,000 ORDINARY SHARES OF RM1.00 EACH AND 100,000 PREFERENCE SHARES OF RM0.01 EACH IN LION MOTOR SDN. BHD. ("LMSB")VIA THE EXECUTION OF TWO CONDITIONAL SHARE SALE AND PURCHASE AGREEMENTS WITH(I) LION CORPORATION BERHAD AND LION FOREST INDUSTRIES BERHAD, BEING VENDORS FOR KMASB'S SHARES (COLLECTIVELY REFERRED TO AS THE "FIRST VENDOR"; AND(II) SILVERSTONE CORPORATION BERHAD, CEDR CONSULTING SDN. BHD., INNOVASI ISTIMEWA SDN. BHD. AND RANGE GROVE SDN. BHD., BEING VENDORS FOR LMSB'S SHARES (COLLECTIVELY REFERRED TO AS THE "SECOND VENDOR")(COLLECTIVELY REFERRED TO AS "PROPOSED ACQUISITIONS")