News
Take-overs & Mergers (Chapter 11 Of Listing Requirements)
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | QL RESOURCES BERHAD (“QL” OR THE “COMPANY”) CONDITIONAL TAKE-OVER OFFER BY QL (“OFFEROR”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN LAY HONG BERHAD (“LHB”) NOT ALREADY HELD BY THE OFFEROR FOR A CASH CONSIDERATION OF RM3.50 PER OFFER SHARE (“OFFER”) |
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Offer. We refer to the announcement dated 24 September 2014 in relation to the Offer. As a result of the recent purchases of 3,463,500 LHB Shares made by QL from 24 September 2014 to 7 October 2014, we, RHB Investment Bank, on behalf of the Board wishes to announce that, the shareholding of the Offeror in LHB has exceeded 33% of the issued and paid-up share capital of LHB as at 7 October 2014. Pursuant thereto, the Offeror has triggered the mandatory take-over offer obligation under the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”). In view of the above, the present voluntary take-over offer has become a mandatory take-over offer (“MGO”) in accordance to Paragraph 14.1 of Practice Note 9 of the Code. The Offeror wishes to confirm that the terms and conditions of the Offer as set out in the Notice will remain the same under the MGO. Please refer to the attached notification for further details. This announcement is dated 7 October 2014. |
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Announcement Info
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 7 Oct 2014 |
| Category | General Announcement |
| Reference No | MI-141007-48498 |
Attachments
- QL_071014A.pdf (Size: 95,326 bytes)