NOTE : TRANSFER OF SECURITIES PURSUANT TO A RATIONALISATION OF INTERESTS BY YONG SOON CHOW, KOH HUA LAN, YONG SHANG MING, YONG TIOK KENG, YONG TIOK CHIN AND YONG TIOK NEE (COLLECTIVELY, "YONG FAMILY") ("RATIONALISATION") TO SC YONG HOLDINGS SDN BHD ("SCY"), THE YONG FAMILY'S INVESTMENT HOLDING COMPANY.
The Rationalisation will result in an increase in SCY's equity interest in CBHB from nil to 35.73%. Accordingly, following an application by SCY, the Securities Commission had, vide its letter dated 25 February 2015, granted an exemption to SCY under Paragraph 21.1(a) of Practice Note 9 of the Malaysian Code on Take-Overs and Mergers, 2010 from the obligation to undertake a mandatory offer for the remaining CBHB Shares and Warrants not held by it after the Rationalisation
