06  January 2011  - 11:01
Maybank to Acquire 44.6% of Kim Eng: Announcement

Please be informed that Maybank suspended its shares today, 6 January 2011, and made an announcement to Bursa Malaysia for the following:

  1. (i) Proposed acquisition by Aseam Credit Sdn Bhd (“ACSB” or “Offeror”), a wholly-owned subsidiary of Maybank, an aggregate of 257,559,264 ordinary shares in Kim Eng Holdings Ltd (“Kim Eng”), representing 44.63% of the issued and paid-up share capital of Kim Eng.
  2. (ii) Possible Mandatory Conditional Cash Offer for all the Remaining Ordinary Shares of Kim Eng Not Already Owned by ACSB, its Related Corporations and their Respective Nominees Subject to the Fulfilment of the Pre-Condition as Defined Herein.

Please refer to the announcement and attached documents: Maybank to acquire 44.6% of Kim Eng

In relation to Maybank's announcement, Kim Eng suspended its shares and released the following announcmenet on the Stock Exchange of Singapore today: Announcement of Possible Mandatory Conditional Cash Offer for the Issued Ordinary Shares in the Capital of Kim Eng Holdings Limited.

Annoucement of suspension of trading of Maybank:

MAYBANK: Request For Suspension
Suspension of Trading: Malayan Banking Berhad
Suspension of Trading: MAYBANK-JA: CBLC MALAYAN BANKING BERHAD (CIMB)
Suspension of Trading: MAYBANK-CP: CW MALAYAN BANKING BERHAD (OSK)
Suspension of Trading: MAYBANK-CO: CW MALAYAN BANKING (CIMB)
Suspension of Trading: MAYBANK-CN: CW MALAYAN BANKING BERHAD (OSK)