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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(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Company’s announcements dated 9 March 2018 and 26 March 2018) Further to the Company’s announcement dated 26 March 2018, on behalf of the Board, Maybank IB wishes to announce that PERC has vide its letter dated 28 March 2018 requested for an extension of time to accept the Perodua Offer to 30 April 2018. In this respect, UMWH has today notified PERC in writing of its decision to extend the period for the Perodua Offer to 30 April 2018. Notwithstanding this, for the avoidance of doubt and as announced on 9 March 2018, the Proposed MBMR Acquisition and the Proposed Perodua Acquisition are not conditional upon each other. This announcement is dated 28 March 2018. |
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Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 28 Mar 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28032018-00096 |