PLUS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: PLUS EXPRESSWAYS BERHAD
Stock Name: PLUS
Date Announced: 09/11/2010
Announcement Detail:
Type: Announcement
Subject: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
Contents: We refer to the Company's announcements dated 15 October 2010 and 25 October 2010 in relation to the offer from UEM Group Berhad and the Employees Provident Fund Board, to acquire all of the business and undertaking of PEB as carried on by PEB as at the date of the offer letter dated 15 October 2010, including all assets and liabilities of PEB as of the completion of the transaction for a total purchase consideration of RM23,000,000,000.
On behalf of the Board of Directors of PEB ("Board"), RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that further to the discussions held between PEB and the Joint Offerors, the Board had today received a revised letter of offer which shall supersede the earlier letter of offer dated 15 October 2010, details of which are set out in the revised letter of offer attached.
In this respect, the Board, save for the Interested Directors, after taking into consideration the advice of the Principal Adviser, the Independent Adviser, the legal counsel as well as the valuation analysis of PEB by Goldman Sachs (Malaysia) Sdn Bhd and all other relevant aspects of the Offer, has resolved to accept the Offer by the Joint Offerors to acquire the PEB Business for a total consideration of RM23,000,000,000, subject to the terms and conditions of the Offer Letter.
On behalf of the Board of Directors of PEB, RHB Investment Bank Berhad is pleased to enclose herewith a detailed announcement in relation to the above.
This announcement is dated 9 November 2010.
Attachments: PEB - Announcement.pdf
PEB - Appendices.pdf
Revised offer letter.pdf
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: PLUS EXPRESSWAYS BERHAD
Stock Name: PLUS
Date Announced: 09/11/2010
Announcement Detail:
Type: Announcement
Subject: PLUS EXPRESSWAYS BERHAD ("PEB" OR THE "COMPANY")
OFFER TO ACQUIRE ALL OF THE BUSINESS AND UNDERTAKING, INCLUDING ALL ASSETS AND LIABILITIES, OF PLUS EXPRESSWAYS BERHAD
Contents: We refer to the Company's announcements dated 15 October 2010 and 25 October 2010 in relation to the offer from UEM Group Berhad and the Employees Provident Fund Board, to acquire all of the business and undertaking of PEB as carried on by PEB as at the date of the offer letter dated 15 October 2010, including all assets and liabilities of PEB as of the completion of the transaction for a total purchase consideration of RM23,000,000,000.
On behalf of the Board of Directors of PEB ("Board"), RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that further to the discussions held between PEB and the Joint Offerors, the Board had today received a revised letter of offer which shall supersede the earlier letter of offer dated 15 October 2010, details of which are set out in the revised letter of offer attached.
In this respect, the Board, save for the Interested Directors, after taking into consideration the advice of the Principal Adviser, the Independent Adviser, the legal counsel as well as the valuation analysis of PEB by Goldman Sachs (Malaysia) Sdn Bhd and all other relevant aspects of the Offer, has resolved to accept the Offer by the Joint Offerors to acquire the PEB Business for a total consideration of RM23,000,000,000, subject to the terms and conditions of the Offer Letter.
On behalf of the Board of Directors of PEB, RHB Investment Bank Berhad is pleased to enclose herewith a detailed announcement in relation to the above.
This announcement is dated 9 November 2010.
Attachments: PEB - Announcement.pdf
PEB - Appendices.pdf
Revised offer letter.pdf
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