April 11, 2014

Company announcements: WILLOW, TMS, RAYA, MPAY, CIMB, DRBHCOM

WILLOW - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced11 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140411-4EB7A

Particulars of substantial Securities Holder

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
NRIC/Passport No/Company No.440405-08-5313
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderOSK Capital Partners Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/04/2014
100,000
 
Disposed07/04/2014
290,400
 
Disposed08/04/2014
861,700
 

Circumstances by reason of which change has occurredDisposal of shares
- Deemed interested by virtue of his substantial shareholdings via OSK Equity Holdings Sdn. Bhd. in OSK Ventures International Berhad, the holding company of OSK Capital Partners Sdn. Bhd
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change41,472,237
Date of notice11/04/2014

Remarks :
The breakdown of the total no. of securities after change:
1. OSK Capital Partners Sdn. Bhd. - 30,967,737
2. OSK Venture Equities Sdn. Bhd. - 10,300,000
3. Land Management Sdn. Bhd. - 204,500


WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Ventures International Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced11 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140411-476D2

Particulars of substantial Securities Holder

NameOSK Ventures International Berhad
Address7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.636117-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderOSK Capital Partners Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/04/2014
100,000
 
Disposed07/04/2014
290,400
 
Disposed08/04/2014
861,700
 

Circumstances by reason of which change has occurredDisposal of shares
- Deemed interested by virtue of OSK Ventures International Berhad being the holding company of OSK Capital Partners Sdn. Bhd.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change41,267,737
Date of notice11/04/2014

Remarks :
The breakdown of the total no. of securities after change:
1. OSK Capital Partners Sdn. Bhd. - 30,967,737
2. OSK Venture Equities Sdn. Bhd. - 10,300,000


WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Equity Holdings Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced11 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140411-4282E

Particulars of substantial Securities Holder

NameOSK Equity Holdings Sdn. Bhd.
Address7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.1030788-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderOSK Capital Partners Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/04/2014
100,000
 
Disposed07/04/2014
290,400
 
Disposed08/04/2014
861,700
 

Circumstances by reason of which change has occurredDisposal of shares
- Deemed interested by virtue of OSK Equity Holdings Sdn. Bhd.'s substantial shareholdings in OSK Ventures International Berhad, the holding company of OSK Capital Partners Sdn. Bhd.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change41,267,737
Date of notice11/04/2014

Remarks :
The breakdown of the total no. of securities after change:
1. OSK Capital Partners Sdn. Bhd. - 30,967,737
2. OSK Venture Equities Sdn. Bhd. - 10,300,000


WILLOW - Changes in Sub. S-hldr's Int. (29B) - OSK Capital Partners Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced11 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140411-62645

Particulars of substantial Securities Holder

NameOSK Capital Partners Sdn. Bhd.
Address7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.682948-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderOSK Capital Partners Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/04/2014
100,000
 
Disposed07/04/2014
290,400
 
Disposed08/04/2014
861,700
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change30,967,737
Date of notice11/04/2014


TMS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameTHE MEDIA SHOPPE BERHAD (ACE Market) 
Stock Name TMS  
Date Announced11 Apr 2014  
CategoryChange in Audit Committee
Reference NoCA-140410-68658

Date of change13/03/2014
NameLim Boon Hong
Age44
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsMr Lim graduated with a degree in Business Administration majoring in Actuarial Science from University of Nebraska- Lincoln. 
Working experience and occupation Mr Lim started his career as a management trainee with AMInvestment Bank (formerly known as Arab Malaysian Merchant Bank) in 1992 and subsequently joined Hong Leong Investment Bank (formerly known as Zalik Securities Sdn. Bhd.) as research analyst. In 1998, he ventured into own business, which mainly involved in trading of Technology and LCD product. He joined Green Packet Berhad as Special Assistant to Group Managing Director / CEO in 2006, till present.  
Directorship of public companies (if any)Ingenuity Consolidated Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Lai Soon Yip - Chairman (Independent Non-Executive Director)
Dato' Chairil Nazri Bin Ahmad - Member (Independent Non-Executive Director)
Tan Ooi Jin - Member (Independent Non-Executive Director)


RAYA - TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) \u2013 NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameRAYA INTERNATIONAL BERHAD (ACE Market) 
Stock Name RAYA  
Date Announced11 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140411-66035

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNS-140410-33535
SubjectTRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS)
– NON RELATED PARTY TRANSACTIONS
DescriptionRaya International Berhad (formerly known as Envair Holding Berhad) (“Raya” or “the Company”)
- Acquisition of a Company (Proposed Acquisition
Query Letter Contents We refer to your announcement dated 9 April 2014 in respect of the above
captioned matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-

1. The issue price of the new ordianry shares in Raya International Berhad to
be issued as consideration for the Proposed Acquisition ("Consideration
Shares") and the basis of determining the issue price and the justification for
the pricing of the Consideration Shares.
2. The weighted average market price of the equity share capital for the 5
market days before the date on which the terms of the Propsoed Acquisition were
agreed upon.
3. The net assets and net profit of Voyager Line Communications Sdn Bhd.
("Voyager") based on its latest audited or unaudited accounts.
4. The effects of the Proposed Acquisition on the earnings per share, net
assets per share, gearing, share capital and substantial shareholders'
shareholdings of Raya Interntional Berhad.
5. The salient features of the Share Sale Agreement and the time and place
where such documents may be inspected.
6. The basis of arriving at the purchase consideration, other than on a
“willing buyer willing seller” basis. If it was based on net assets, the year
the net assets were taken into consideration, quantifying the net assets and
stating whether it was based on audited financial statements;
7. The ranking of the Consideration Shares.
8. Whether listing will be sought for the Consideration Shares.
9. The estimated time frame for submission of the application to the relevant
authorities.






...2/-





RAYA INTERNATIONAL BERHAD
ACQUISITION OF A COMPANY ("PROPOSED ACQUISITION")



10. The prospects of Voyager.
11. The risks in relation to the Proposed Acquisition including risk factors of
Voyager.
12. The estimated time frame to complete the Proposed Acquisition.



Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



TAN YEW ENG
Vice President, Issuers
Listing Division
Regulation


TYE/NZ
c.c:- General Manager & Head, Market Surveillance Department, Market Oversight
Division, Securities Commission (via fax)

We refer to the announcement dated 9 April 2014 in relation to the Proposed Acquisition of Voyager Line Communications Sdn Bhd, the Company wishes to announce additional information as per attachment.


This announcement is dated 11 April 2014


MPAY - Notice of Person Ceasing (29C) - Chan Wah Kiang

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameMANAGEPAY SYSTEMS BERHAD (ACE Market) 
Stock Name MPAY  
Date Announced11 Apr 2014  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCC-140410-65908

Particulars of substantial Securities Holder

NameChan Wah Kiang
AddressNo. 6, Jalan PPU 3, Taman Perindustrian Puchong Utama, 47100 Puchong, Selangor Darul Ehsan, Malaysia
NRIC/Passport No/Company No.591024-01-5811
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Date of cessation09/04/2014
Name & address of registered holderChan Wah Kiang of No. 6, Jalan PPU 3, Taman Perindustrian Puchong Utama, 47100 Puchong, Selangor Darul Ehsan, Malaysia
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed15,000,000 
Price Transacted ($$)0.290 
Circumstances by reason of which a person ceases to be a substantial securities HolderMarriage deal and off market sale
Nature of interestDirect
Date of notice11/04/2014


CIMB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameCIMB GROUP HOLDINGS BERHAD  
Stock Name CIMB  
Date Announced11 Apr 2014  
CategoryGeneral Announcement
Reference NoCG-140411-57558

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Bursa Securities Main Market Listing Requirements, CIMB Group wishes to notify Bursa Securities that the Company had on 11 April 2014 received notification from Encik Effendy Shahul Hamid in relation to the disposal of shares of the Company. Details of the disposal are as follows:

NameTransaction DatePrice Per ShareNo. of Shares% of Issued Share Capital
Effendy Shahul Hamid10 April 20147.4428,0000.0003

This announcement is dated 11 April 2014.

c.c. Securities Commission



CIMB - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group Inc (MUFG)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCIMB GROUP HOLDINGS BERHAD  
Stock Name CIMB  
Date Announced11 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCG-140411-29ED1

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group Inc (MUFG)
Address7-1, Marunouchi 2-Chome
Chiyoda-ku, Tokyo
100-8330, Japan
NRIC/Passport No/Company No.NIL
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1. Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries
10 Queen's Terrace
Aberdeen, AB10 1YG
Scotland

2. The Bank of Tokyo-Mitsubishi UFJ, Ltd.("BTMU")
7-1, Marunouchi 2-Chome
Chiyoda-ku, Tokyo
100-8330, Japan

3. Mitsubishi UFJ Asset Management Co., Ltd ("MUAM")
4-5, Marunouchi 1-Chome
Chiyoda-ku, Tokyo
100-8212, Japan

4. KOKUSAI Asset Management Co., Ltd ("KOKUSAI")
1-1, Marunouchi 3-Chome
Chiyoda-ku, Tokyo
100-0005, Japan

5. Mitsubishi UFJ Trust and Banking Corporation ("MUTB")
4-5, Marunouchi 1-Chome
Chiyoda-ku, Tokyo
100-8212, Japan

6. Morgan Stanley Investment Management Inc.
1585 Broadway, New York, NY 10036

7. Morgan Stanley Investment Management Company
#16-01 Capital Square
23 Church Street
Singapore 049481

8. Morgan Stanley & Co. International plc
25 Cabot Square, Canary Wharf
London E14 4QA
United Kingdom

9. Fundlogic SAS
61 rue de Monceau
Paris 75008, France

10. AMP Capital Holdings Limited ("AMP") and its subsidiaries
Level 24 AMP Sydney Cove Building
33 Alfred Street Sydney
NSW 2000, Australia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed07/04/2014
803,700
 

Circumstances by reason of which change has occurred- Sale by Morgan Stanley Group

MUFG is deemed interested in the shares by virtue of:-

1. MUFG's wholly-owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen Asset Management PLC.

2. The Bank of Tokyo-Mitsubishi UFJ Ltd., being MUFG's wholly-owned subsidiary.

3. Mitsubishi UFJ Asset Management Co., Ltd., being MUFG's wholly-owned subsidiary.

4. MUFG's wholly-owned subsidiary, Mitsubishi UFJ Securities Co., Ltd., holding more than 15% in KOKUSAI Asset Management Co., Ltd.

5. Mitsubishi UFJ Trust & Banking Corp, being MUFG's wholly owned subsidiary

6-9. MUFG's holding more than 15% interest in shares of Morgan Stanley Group.

10. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, Holding 15% in AMP.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)752,071,761 
Indirect/deemed interest (%)9.14 
Total no of securities after change752,071,761
Date of notice10/04/2014

Remarks :
Notice received on 11 April 2014.

c.c. Securities Commission.


DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN SISTEM SEWA KERETA MALAYSIA SDN BHD (“SSKM”) BY EDARAN OTOMOBIL NASIONAL BERHAD (“EON”)

Announcement Type: General Announcement
Company NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced11 Apr 2014  
CategoryGeneral Announcement
Reference NoDD-140411-42717

TypeAnnouncement
SubjectOTHERS
DescriptionDRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”)
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN SISTEM SEWA KERETA MALAYSIA SDN BHD (“SSKM”) BY EDARAN OTOMOBIL NASIONAL BERHAD (“EON”)
1. INTRODUCTION
      Pursuant to Paragraph 9.19(23) and 10.05 of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements (“Listing Requirements”), DRB-HICOM Berhad (“DRB-HICOM”) wishes to announce that its effectively wholly-owned subsidiary company, EON, has on 11 April 2014 entered into a conditional share sale agreement (“SSA”) with Melewar Leisure Sdn Bhd (“MLSB”) and Avis Investment Services Limited (“AVIS”) (collectively referred to as “Vendors”) for the proposed acquisition of 3,423,055 ordinary shares of RM1.00 each (“SSKM Share”) representing 100% equity interest in SSKM (“Sale Shares”) for a total cash consideration of RM5,500,000 (“Proposed Acquisition”).
2. INFORMATION ON SSKM

SSKM was incorporated in Malaysia on 18 September 1972 as a private limited company under the name of Orient Rent A Car Sdn Bhd. It assumed its current name on 12 June 1974 and is principally engaged in the business of vehicle rental.

The authorised share capital of SSKM is RM5,000,000 comprising 5,000,000 SSKM Shares. Its issued and paid-up share capital is RM2,000,000 comprising 2,000,000 SSKM Shares.

The current shareholding structure of SSKM is as follows:
      Shareholder
      No. of SSKM Shares
      % of shareholding
      MLSB
      1,500,000
      75%
      AVIS
      500,000
      25%
      Total
      2,000,000
      100%
3. INFORMATION ON AVIS

AVIS was incorporated on 7 November 1986 in England as a private limited company. It is principally engaged in the business of serving as a holding company for investments.

The authorised share capital of AVIS is fully issued and allotted comprising
60,486,363 ordinary shares with nominal value of 1.00 per share.


4. INFORMATION ON MLSB

MLSB was incorporated on 8 February 1974 in Malaysia as a private limited company and is principally engaged in the business of investment holding.

The authorised share capital of MLSB is RM100,000,000 comprising 100,000,000 ordinary shares of RM1.00 each. Its issued and paid-up share capital is RM51,000,000 comprising 51,000,000 ordinary shares of RM1.00 each.

5. INFORMATION ON EON

EON was incorporated on 16 May 1984 in Malaysia as a public limited company and is principally engaged in the business of marketing and servicing of motor vehicles.

The authorised share capital of EON is RM1,000,000,000 comprising 1,000,000,000 ordinary shares of RM1.00 each. Its issued and paid-up share capital is RM168,164,209 comprising 168,164,209 ordinary shares of RM1.00 each.

6. DETAILS OF THE PROPOSED ACQUISITION

The Proposed Acquisition entails the acquisition of the Sale Shares by EON from the Vendors for a total cash consideration of RM5,500,000.

6.1 Purchase Consideration
          The total consideration of RM5,500,000 (“Purchase Consideration”) was arrived at on a willing buyer-willing seller basis after taking into consideration SSKM’s audited profit after taxation for the financial year ended 31 December 2012 of approximately RM0.395 million, its audited net assets as at 31 December 2012 of approximately RM1.665 million, its potential future earnings and the proposed capitalisation of the amount owing to MLSB as at 28 February 2014 of RM1,423,055 (“Proposed MLSB Debt Capitalisation”).

          Taking into consideration the Proposed MLSB Debt Capitalisation, the breakdown of the Purchase Consideration payable to the Vendors is as follows:

          Vendor
          Number of SSKM Shares
          Amount payable (RM)
          MLSB
          2,923,055
          4,480,763.75
          AVIS
          500,000
          1,019,236.25
          Total
          3,423,055
          5,500,000.00

      6.2 Salient terms of the SSA

      6.2.1 Agreement to sell the Sale Shares
              The Vendors agree to sell and EON agrees to purchase the Sale Shares free from any and all encumbrances together with all rights now or hereafter attaching thereto, including without limitation all liabilities and dividends and other distributions declared or made in respect of the Sale Shares.

          6.2.2 Conditions Precedent

          The SSA is conditional upon fulfilment of the following conditions precedent within three (3) months (or such other period as mutually agreed) from the date of the SSA:
              i) SSKM entering into a license/franchise agreement with Avis Asia Limited in the mutually agreed form;
              ii) Written approvals from the financiers of SSKM on the change of its shareholders upon completion of the Proposed Acquisition; and
              iii) Upon fulfilment of the conditions set out in Paragraph 6.2.2(i) and (ii), SSKM is to undertake the Proposed MLSB Debt Capitalisation where 1,423,055 new SSKM Shares are to be issued and credited as fully paid-up.

          6.2.3 Completion
              Completion shall take place within five (5) business days of the fulfilment of the last condition precedent set out under Paragraph 6.2.2(iii).
7. EFFECTS OF THE PROPOSED ACQUISITION

7.1 Share capital and substantial shareholders’ shareholdings
          The Proposed Acquisition will not have any effect on the share capital and substantial shareholders’ shareholdings of DRB-HICOM.
      7.2 Net assets

      The Proposed Acquisition will not have any material effect on the net assets of the DRB-HICOM Group.

      7.3 Earnings
          The Proposed Acquisition is not expected to have any material impact on the earnings of the DRB-HICOM Group for the financial year ending 31 March 2015. Barring unforeseen circumstances, it is expected to contribute positively to the future earnings of the DRB-HICOM Group.
      7.4 Gearing

      The Proposed Acquisition will be funded via EON’s internally generated funds. As such, the Proposed Acquisition is not expected to have any effect on the gearing of the DRB-HICOM Group.
8. RATIONALE FOR THE PROPOSED ACQUISITION

The Proposed Acquisition provides an opportunity for the DRB-HICOM Group to diversify into the vehicle rental business which can complement the vehicle leasing business currently undertaken under DRB-HICOM Leasing Sdn Bhd. In addition, the DRB-HICOM Group can also leverage on SSKM’s existing branches network, infrastructure, customer base and the Avis brand to further create synergies between SSKM and the other relevant businesses in the DRB-HICOM Group.

9. APPROVALS REQUIRED

The Proposed Acquisition does not require approval from the shareholders of DRB-HICOM or any other relevant authorities.

10. ESTIMATED TIMEFRAME FOR COMPLETION

The Proposed Acquisition is expected to be completed by the second (2nd) quarter of 2014.

11. INTERESTS OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND PERSONS CONNECTED

None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Proposed Acquisition.

12. DIRECTORS’ STATEMENT

The Board of Directors of DRB-HICOM is of the opinion that the Proposed Acquisition is in the best interest of DRB-HICOM.

13. DOCUMENT FOR INSPECTION

The SSA is available for inspection at the registered office of DRB-HICOM at Level 5, Wisma DRB-HICOM, No. 2 Jalan Usahawan U1/8, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 11 April 2014.


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