AUTOV - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS (Amended Announcement)
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: AUTOV CORPORATION BERHAD
Stock Name: AUTOV
Date Announced: 19/09/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: AUTOV CORPORATION BERHAD ("AUTOV" OR "COMPANY")
(I) PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL THE ASSETS AND LIABILITIES, OF THE COMPANY TO TEMASEK FORMATION SDN BHD ("TFSB") ("PROPOSED DISPOSAL"); AND
(II) PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTIONS 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("ACT")
((I) AND (II) COLLECTIVELY KNOWN AS "PROPOSALS")
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: AUTOV CORPORATION BERHAD
Stock Name: AUTOV
Date Announced: 19/09/2011
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: AUTOV CORPORATION BERHAD ("AUTOV" OR "COMPANY")
(I) PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL THE ASSETS AND LIABILITIES, OF THE COMPANY TO TEMASEK FORMATION SDN BHD ("TFSB") ("PROPOSED DISPOSAL"); AND
(II) PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTIONS 60(2) AND/OR 64 OF THE COMPANIES ACT, 1965 ("ACT")
((I) AND (II) COLLECTIVELY KNOWN AS "PROPOSALS")
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