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Notice Of Take-Over Offer
BackAug 20, 1999
| General Announcement Reference No MM-990820-37102 |
| Submitting Merchant Bank | : | AMANAH MERCHANT BANK BERHAD |
| Company Name | : | ANCOM BERHAD |
| Stock Name | : | ANCOM |
| Date Announced | : | 20/08/1999 |
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| Type | : | Announcement |
| Subject | : | NOTICE OF TAKE-OVER OFFER |
Contents :
On behalf of the Board of Directors of Ancom Berhad ("Ancom"), Amanah Merchant Bank Berhad ("Amanah") is pleased to announce that all the conditions precedent as set out in the Sale and Purchase of Shares Agreement dated 26 April 1999, pertaining to the acquisition through Rhodemark Development Sdn Bhd ("RDSB") of 116,586,472 ordinary shares of RM1.00 each ("Acquisition") representing approximately 51.93% equity interest in Nylex (Malaysia) Berhad ("Nylex"), have been fulfilled on 20 August 1999.
On behalf of RDSB, a subsidiary company of Ancom, Amanah has on 20 August 1999 served a Notice of Take-over Offer to acquire the remaining 107,795,248 ordinary shares of RM1.00 each in Nylex not owned by RDSB and parties acting in concert with RDSB after the Acquisition at a cash offer price of RM1.50 per Nylex share ("Offer").
The Offer Document in relation to the Offer will be despatched to the shareholders of Nylex in due course.
The full text of the aforesaid Notice of Unconditional Mandatory Take-Over Offer is attached herewith.