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A. Proposed Restructuring Scheme of Ancom Logistics Berhad ("ALB") (formerly Known as Tamco Corporate Holdings Berhad);
B. Proposed Acquisition of Property; and
C. Proposed Disposal Of Synergy Trans-Link Sdn. Bhd.

(B And C Collectively Referred To As "Ancom Proposals")

BackJan 29, 2010
Date Announced
:
 29/01/2010  




Type
:
 Announcement
Subject
:
ANCOM BERHAD (“ANCOM”)

A. PROPOSED RESTRUCTURING SCHEME OF ANCOM LOGISTICS BERHAD (“ALB”) (FORMERLY KNOWN AS TAMCO CORPORATE HOLDINGS BERHAD);
B. PROPOSED ACQUISITION OF PROPERTY; AND
C. PROPOSED DISPOSAL OF SYNERGY TRANS-LINK SDN. BHD.

(B AND C COLLECTIVELY REFERRED TO AS "ANCOM PROPOSALS")

Contents
:
For consistency, the abbreviations used hereafter throughout this announcement shall have the same meaning as defined in the announcement dated 16 November 2009 unless stated otherwise.

Reference is made to the announcement dated 16 November 2009.

On behalf of the Board of Directors of Ancom, Maybank Investment Bank Berhad is pleased to announce that an application to the Securities Commission under Practice Note 2.9.1 of the Malaysian Code on Take-overs and Mergers 1998 has been made today for an exemption to Ancom and persons acting in concert with it (“PAC”), from the obligation to undertake a mandatory offer to acquire the remaining ordinary shares in ALB not already held by Ancom and its PAC upon completion of the Proposed Disposal of STL Group which forms part of the Proposed Restructuring Scheme of ALB.

This announcement is dated 29 January 2010.

Announcement Details :