MULTIPLE PROPOSALS UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY") (I) PROPOSED ACQUISITION OF 50.07% EQUITY INTEREST IN MBM RESOURCES BERHAD ("MBMR") AND THE RESULTANT PROPOSED MANDATORY TAKE-OVER OFFER; AND (II) PROPOSED ACQUISITION OF 10.00% EQUITY INTEREST IN PERUSAHAAN OTOMOBIL KEDUA SDN BHD ("PERODUA") (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY")
(I) PROPOSED ACQUISITION OF 50.07% EQUITY INTEREST IN MBM RESOURCES BERHAD
("MBMR") AND THE RESULTANT PROPOSED MANDATORY TAKE-OVER OFFER; AND
(II) PROPOSED ACQUISITION OF 10.00% EQUITY INTEREST IN PERUSAHAAN OTOMOBIL KEDUA
SDN BHD ("PERODUA")
(COLLECTIVELY REFERRED TO AS "PROPOSALS") |
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On behalf of the Board of Directors of UMWH, Maybank Investment Bank Berhad wishes to announce that the Company had made separate conditional offers to the following parties: (i) Med-Bumikar Mara Sdn Bhd and its wholly-owned subsidiary, Central Shore Sdn Bhd, for the acquisition of their collective 50.07% equity interest in MBMR; and (ii) PNB Equity Resources Corporation Sdn Bhd (“PERC”) for the acquisition of PERC’s 10.00% equity interest in Perodua. Please refer to the attachment for further details of the Proposals. This Announcement is dated 9 March 2018.
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Please refer attachment below.
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 09 Mar 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08032018-00099 |