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(i)Proposed Acquisition Of Equity Interest In Pharmaniaga Berhad ("Pharmaniaga") ("Acquisition"); And
(ii)Proposed Mandatory Take-Over Offer By BHB To Acquire All The Remaining Ordinary Shares of RM1.00 Each In Pharmaniaga ("Pharmaniaga Shares") ("Offer Shares") Not Already Owned By BHB And Its Person(s) Acting In Concert ("PAC") For A Cash Offer Price Of RM5.75 Per Pharmaniaga Share ("Offer").

BackMar 25, 2011
Date Announced : 25/03/2011  



Type : Announcement
Subject :
OTHERS

Description :
BOUSTEAD HOLDINGS BERHAD (“BHB”)
(I)PROPOSED ACQUISITION OF EQUITY INTEREST IN PHARMANIAGA BERHAD (“PHARMANIAGA”) (“ACQUISITION”); AND
(II)PROPOSED MANDATORY TAKE-OVER OFFER BY BHB TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN PHARMANIAGA (“PHARMANIAGA SHARES”) (“OFFER SHARES”) NOT ALREADY OWNED BY BHB AND ITS PERSON(S) ACTING IN CONCERT (“PAC”) FOR A CASH OFFER PRICE OF RM5.75 PER PHARMANIAGA SHARE (“OFFER”).

Announcement Details/Table Section :

(The definitions used in this announcement shall have the same meaning as that used in our announcement dated 11 June 2010 unless stated otherwise.)

We refer to the announcements dated 11 June 2010, 15 July 2010, 11 August 2010, 7 March 2011 and 17 March 2011 in relation to the Acquisition and Offer.

On behalf of BHB, AFFIN Investment wishes to announce that BHB and UEM has mutually agreed that the SPA is deemed completed today, 25 March 2011.
We are constantly guided by our Group motto:
"A Tradition of Strength and Stability, A Vision of Growth and Excellence"