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We refer to the announcement dated 31 January 2007 on the revision
of the closing date for the Offer from 5.00 p.m. (Malaysian Time) on
Wednesday, 31 January 2007 to 5.00 p.m. on Sunday, 11 March 2007.
Pursuant to Section 25(1) of the Malaysian Code on Take-Overs and
Mergers, 1998 (“the Code”), the Company wishes to announce that as
at 4.30 p.m. on Friday, 2 February 2007, the Company has received
acceptances to the Offer of 87.12% of the issued and paid-up share
capital of RBH of which 78.99% are valid acceptances (details of
which are set out in Table 1 below) and as such, the Offer is
unconditional as to acceptances.
Based on the level of acceptances as set out in Table 1 below, RBH
is not in compliance with paragraph 8.15(1) of Bursa Malaysia
Securities Berhad’s (“Bursa Securities”) Listing Requirements
(“Bursa Securities LR”), which states that at least 25% of RBH
Shares must be in the hands of a minimum of 1,000 public
shareholders holding not less than 100 RBH Shares each.
As stated in the Offer Document that was despatched to the
shareholders of RBH (“Offer Holders”) on 10 January 2007, the
Company does not intend to comply with the aforesaid paragraph
8.15(1) of the Bursa Securities LR and does not intend to maintain
the listing status of RBH. Pursuant thereto, if and where required,
the Company will apply to de-list RBH from the Official List of
Bursa Securities (subject to the relevant approvals being obtained)
pursuant to the completion of the Offer.
As such, Offer Holders who choose not to accept the Offer may end up
holding unlisted RBH Shares.
This announcement is dated 2 February 2007. |
