MAGNUM CORPORATION BERHAD (“MCB” OR THE “COMPANY”) IMPLEMENTATION OF SECTION 34A OF THE SECURITIES COMMISSION ACT 1993 PURSUANT TO THE OFFER BY CIMB INVESTMENT BANK BERHAD (“CIMB”) ON BEHALF OF MCB FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MAGNUM 4D BERHAD ("M4D") (“M4D SHARES”) NOT ALREADY OWNED BY MCB (“OFFER SHARES”) FOR A CASH CONSIDERATION OF RM3.00 PER M4D SHARE (“OFFER")

MAGNUM CORPORATION BERHAD

TypeAnnouncement
SubjectMAGNUM CORPORATION BERHAD (“MCB” OR THE “COMPANY”)

IMPLEMENTATION OF SECTION 34A OF THE SECURITIES COMMISSION ACT 1993 PURSUANT TO THE OFFER BY CIMB INVESTMENT BANK BERHAD (“CIMB”) ON BEHALF OF MCB FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN MAGNUM 4D BERHAD ("M4D") (“M4D SHARES”) NOT ALREADY OWNED BY MCB (“OFFER SHARES”) FOR A CASH CONSIDERATION OF RM3.00 PER M4D SHARE (“OFFER")
ContentsWe refer to the announcements dated 21 December 2007, 15 May 2008, 5 June 2008, 17 June 2008 and 26 June 2008 in relation to the Offer.

MCB had, as at 13 June 2008, received acceptances from the holders of the Offer Shares resulting in them, together with its nominee or related corporation, holding more than 90% of the value of ordinary shares in M4D. Any holder of the Offer Shares who has not accepted the Offer may now exercise his rights pursuant to Section 34A of the Securities Commission Act 1993 (“SCA”) by serving a notice on MCB to require MCB to acquire his Offer Shares on the same terms and conditions as set out in the offer document dated 5 June 2008 for the Offer, or such other terms as may be agreed.

Pursuant to Section 34A(2) of the SCA, MCB has today despatched to the holders of the Offer Shares who have not accepted the Offer, a notice in the manner prescribed under the Malaysian Code on Take-Overs and Mergers 1998 (“Notice”). Any holder of the Offer Shares who has not accepted the Offer may, within three (3) months from the date of the Notice, give notice to MCB that he requires MCB to acquire his Offer Shares.


This announcement is dated 1 July 2008.


Announcement Info

Company NameMAGNUM CORPORATION BERHAD  
Stock Name MAGNUM    
Date Announced1 Jul 2008  
CategoryGeneral Announcement
Reference NoMM-080701-61763