OSKVI - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 27 Dec 2013 |
| Category | General Announcement |
| Reference No | OV-131227-65341 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | OSK VENTURES INTERNATIONAL BERHAD (“OSKVI” OR THE “COMPANY”) - RECEIPT OF NOTICE OF CONDITIONAL MANDATORY TAKE-OVER OFFER BY OSK EQUITY HOLDINGS SDN BHD THROUGH RHB INVESTMENT BANK BERHAD |
The Board of Directors of OSKVI ("Board") wishes to announce that OSKVI has on even date received a notice of conditional mandatory take-over offer ("Notice") by OSK Equity Holdings Sdn Bhd ("OSKE" or "Offeror") through RHB Investment Bank Berhad to acquire the following:- i. all the remaining ordinary shares of RM0.50 each in OSKVI ("OSKVI Share(s)") not already held by the Offeror, Tan Sri Ong Leong Huat @ Wong Joo Hwa ("Tan Sri Ong" or "Ultimate Offeror") and the persons acting in concert with them ("PACs") (excluding treasury shares); ii. all the outstanding Warrants 2010/ 2015 in OSKVI ("Warrant(s)") not already held by the Offeror, the Ultimate Offeror and the PACs ("Offer Warrant(s)"); and iii. all the new OSKVI Shares that may be issued prior to the closing date of the offer arising from the exercise of the outstanding Warrants, at a cash consideration of RM0.58 per OSKVI Share and RM0.15 per Offer Warrant, respectively ("Offer"). All the remaining OSKVI Shares not already held by the Offeror, the Ultimate Offeror and the PACs (excluding treasury shares) and all the new OSKVI Shares that may be issued prior to the closing date of the Offer arising from the exercise of the outstanding Warrants shall be collectively referred to as the "Offer Share(s)". The Offer Shares and the Offer Warrants shall be collectively referred to as the "Offer Securities". Tan Sri Ong, who is the Non-Independent Non-Executive Director of OSKVI, is deemed interested in the Offer by virtue of him being a director and a substantial shareholder of OSKE. Ms Ong Yee Min, who is an Executive Director of OSKVI, is deemed interested in the Offer by virtue of her being a daughter of Tan Sri Ong. Tan Sri Ong and Ms Ong Yee Min (collectively referred to as the “Interested Directors”) have abstained and will continue to abstain from deliberating and voting at all relevant board meetings of OSKVI in relation to the Offer. In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board (save for the Interested Directors) will appoint an independent adviser to advise the Board (save for the Interested Directors) and holders of the Offer Securities ("Holders") in relation to the Offer ("Independent Adviser"). The appointment of the Independent Adviser will be announced in due course. A copy of the Notice is attached herewith and the same will be posted to the Holders within seven (7) days from the date of this announcement. This announcement is dated 27 December 2013. | |
OSKVI - OTHERS OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "The Company") - ARTICLE ENTITLED: "OSKVI COULD BE TAKEN PRIVATE FOLLOWING OFF-MARKET DEALS"
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 27 Dec 2013 |
| Category | General Announcement |
| Reference No | CS-131227-F57A7 |
| Type | Announcement |
| Subject | OTHERS |
| Description | OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "The Company") - ARTICLE ENTITLED: "OSKVI COULD BE TAKEN PRIVATE FOLLOWING OFF-MARKET DEALS" |
Reference is made to the article appearing in Focus Malaysia dated 27 December 2013 entitled "OSKVI Could Be Taken Private Following Off-Market Deals" and the statement "...... the company could soon be taken private" appearing in the first paragraph of the article. The Board of Directors of OSKVI wishes to inform that OSKVI has on even date received a notice of conditional mandatory take-over offer ("Notice") by OSK Equity Holdings Sdn Bhd ("OSKE" or "Offeror") through RHB Investment Bank Berhad to acquire the following:- ii. all the outstanding Warrants 2010/ 2015 in OSKVI ("Warrant(s)") not already held by the Offeror, the Ultimate Offeror and the PACs ("Offer Warrant(s)"); and iii. all the new OSKVI Shares that may be issued prior to the closing date of the offer arising from the exercise of the outstanding Warrants, Kindly refer to the announcement made on 27 December 2013 and the Notice attached therein for further information on the Offer. This announcement is dated 27 December 2013. | |
BENALEC - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | BENALEC HOLDINGS BERHAD |
| Stock Name | BENALEC |
| Date Announced | 27 Dec 2013 |
| Category | General Meetings |
| Reference No | CK-131227-55548 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 27/12/2013 |
| Time | 10:00 AM |
| Venue | Glenmarie Ballroom, Lobby Level, Holiday Inn Kuala Lumpur Glenmarie, 1 Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of Benalec Holdings Berhad ("Benalec") is pleased to announce that the shareholders of Benalec had at its Eighth Annual General Meeting held on 27 December 2013, approved all resolutions set out in the Notice of Eighth Annual General Meeting dated 5 December 2013 which were voted by way of poll, the results of which are set out in the attachment below. |
YOKO - Change in Boardroom
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 27 Dec 2013 |
| Category | Change in Boardroom |
| Reference No | CC-131227-57421 |
| Date of change | 27/12/2013 |
| Name | KHOO KHAY CHYE |
| Age | 67 |
| Nationality | Malaysian |
| Type of change | Demised |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | Graduated from Institute of Motor Industry, UK and received his commission as a military officer at the Royal Military College |
| Working experience and occupation | Mr Khoo served in the Malaysian Electrical and Mechanical Engineering Corp, Malaysian Armed Forces and held the rank of Captain. After serving the forces for 8 years, he joined Swedish Motor Assemblies Sdn. Bhd, held the positions of Production Engineer, Material, Maintenance and Purchasing Manager, General Manager and became its Advisor for 8 years. Mr Khoo was also the Technical Service and Supply Manager of Rank Xerox, General Manager of HICOM Freightmate and Executive Director of Yap Swee Leong Sdn. Bhd. |
| Directorship of public companies (if any) | None |
| Family relationship with any director and/or major shareholder of the listed issuer | None |
| Any conflict of interests that he/she has with the listed issuer | None |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None |
| Remarks : |
| Following the demised of Mr Khoo Khay Chye, Mr Khoo shall ceased as a member of Remuneration & Nomination Committee and Audit & Risk Management Committee. |
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