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; (II) PROPOSED ACQUISITION OF 10.00% EQUITY INTEREST IN PERUSAHAAN OTOMOBIL KEDUA SDN BHD ("PERODUA"); AND (III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN UMWH TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION (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;
(II) PROPOSED ACQUISITION OF 10.00% EQUITY INTEREST IN PERUSAHAAN OTOMOBIL KEDUA SDN BHD ("PERODUA"); AND
(III) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN UMWH TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION
(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, 13 March 2018, 26 March 2018, 28 March 2018, 3 April 2018 and 27 April 2018)
Further to the Company’s announcements dated 9 March 2018, 13 March 2018, 26 March 2018, 28 March 2018, 3 April 2018 and 27 April 2018, on behalf of the Board, Maybank IB wishes to announce that the Board has decided to allow the MBMR Offer and Perodua Offer to lapse and not to further extend the period for the MBMR Offer and Perodua Offer.
With the lapse of both the MBMR Offer and Perodua Offer, the Company will not be pursuing the Proposed Acquisitions, Proposed MO and Proposed Rights Issue.
This announcement is dated 31 October 2018. |
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Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 31 Oct 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31102018-00167 |