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.