12 Oct 2020

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

Author: admin | Filed under: Announcement
   
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

– RECEIPT OF NOTICE OF CONDITIONAL MANDATORY TAKE-OVER OFFER FROM KAF INVESTMENT BANK BERHAD ON BEHALF OF WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERORS”)
The Board of Directors of MESB (“Board”) wishes to announce that the Board had on 12 October 2020, received a notice of conditional mandatory take-over offer (“Notice“) from KAF Investment Bank Berhad, on behalf of the Joint Offerors, notifying the Board to acquire the following:-

  1. all the remaining ordinary shares in MESB not already owned by the Joint Offerors and such number of new ordinary shares in MESB that may be issued and allotted prior to the closing of the Offer arising from the exercise of the outstanding warrants in MESB (“Offer Shares”); and
  2. all the remaining warrants in MESB not already owned by the Joint Offerors (“Offer Warrants”),

for a cash offer price of RM0.315 per Offer Share and RM0.015 per Offer Warrant (“Offer”).

A copy of the Notice is attached herewith and the same will be posted to all holders of the Offer Shares and Offer Warrants within seven (7) days from the date of this announcement.

This announcement is dated 12 October 2020.

Attachment: MESB – Notice of Conditional Mandatory Take-Over

 

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