ANNOUNCEMENTS

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

Sep 15, 2017

WILLOWGLEN MSC BERHAD


Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
WILLOWGLEN MSC BERHAD (WILLOWGLEN OR THE OFFEREE)

UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY NEW ADVENT SDN. BHD. (OFFEROR) THROUGH RHB INVESTMENT BANK BERHAD, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN WILLOWGLEN NOT ALREADY HELD BY THE OFFEROR AND ITS PERSONS ACTING IN CONCERT (OFFER SHARES) AT A CASH CONSIDERATION OF RM0.80 PER OFFER SHARE (OFFER)

We refer to the announcement made by Willowglen dated 12 September 2017 in relation to the Offer.

We wish to announce that the Board of Directors of Willowglen (“Board”), save for the interested directors i.e. Wong Ah Chiew and Simon Wong Chu Keong (“Interested Directors”), does not intend to seek an alternative person to make a take-over offer for the Offer Shares.

In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions, the Board (save for the Interested Directors) also wishes to announce that Mercury Securities Sdn. Bhd. has been appointed to act as the Independent Adviser to advise the Board (save for the Interested Directors) and the holders of the Offer Shares in respect of the fairness and reasonableness of the Offer.

This announcement is dated 15 September 2017.





Announcement Info

Company Name WILLOWGLEN MSC BERHAD
Stock Name WILLOW
Date Announced 15 Sep 2017
Category General Announcement for PLC
Reference Number GA1-15092017-00006

 

 
Willowglen (Malaysia) Sdn. Bhd. (Company No. 351570-A). No 17, Jalan 2/149B, Taman Sri Endah, Bandar Baru Sri Petaling, 57000, Kuala Lumpur, Malaysia.
Tel: (603) 90571228 Fax: (603) 90571218

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