As a result, Tiah is obliged to extend a MGO to acquire the remaining 1.15 billion shares or 66.92% of TA Enterprise shares he does not own at 66 sen per share — being the highest price paid to acquire TA Enterprise shares within the past six months — or about RM755 million in total.
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
|TA ENTERPRISE BERHAD|
|Subject||TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))|
TA ENTERPRISE BERHAD (TA ENTERPRISE OR COMPANY) - RECEIPT OF NOTICE OF CONDITIONAL MANDATORY TAKE-OVER OFFER FROM TA SECURITIES HOLDINGS BERHAD ON BEHALF OF DATUK TIAH THEE KIAN (DATUK TIAH OR OFFEROR)
The Board of Directors of TA Enterprise (“Board”) wishes to announce that the Board had on 2 July 2018, received a notice of conditional mandatory take-over offer (“Notice”) from TA Securities Holdings Berhad on behalf of the Offeror, to acquire all the remaining ordinary shares in TA Enterprise not already owned by the Offeror and persons acting in concert with him (the “Offer Shares”), for a cash consideration of RM0.66 per Offer Share (“Offer”).
In accordance with the Rules on Take-Overs, Mergers and Compulsory Acquisitions, the Board will appoint an independent adviser to advise the Company and the holders of the Offer Shares on the reasonableness of the Offer. The announcement of the appointed independent adviser will be made in due course.
A copy of the Notice is attached herewith and the same will be posted to all holders of the Offer Shares within seven (7) days from the date of this announcement.
This announcement is dated 2 July 2018.
Please refer attachment below.
|Company Name||TA ENTERPRISE BERHAD|
|Date Announced||02 Jul 2018|
|Category||General Announcement for PLC|