OTHERS Unisem (M) Berhad ("Unisem" or "the Company") - Pre-Conditional Voluntary Conditional Take-over Offer


Type Announcement
Subject OTHERS
Unisem (M) Berhad ("Unisem" or "the Company") - Pre-Conditional Voluntary Conditional Take-over Offer

We refer to the pre-conditional announcement dated 12 September 2018 in relation to the voluntary conditional take-over offer to be undertaken by Huatian Electronics Group (HK) Limited, Huatian Technology (Malaysia) Sdn Bhd, Mr John Chia Sin Tet, Mr Alexander Chia Jhet-Wern, Jayvest Holdings Sdn Bhd and SCQ Industries Sdn Bhd (formerly known as SCQ Industries Berhad) (collectively referred to as “Joint Offerors")  to acquire all the issued shares in the Company, not already held by the Joint Offerors, in accordance with the Rules on Take-Overs, Mergers and Compulsory Acquisitions ("Offer") ("Pre-Conditional Offer Announcement").  Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Pre-Conditional Offer Announcement.

The Board of Directors of the Company (“Board”) wishes to announce that the Board has on 28 September 2018, received a notice from Maybank Investment Bank Berhad (“Maybank IB”) announcing on behalf of the Joint Offerors that approval by the shareholders of Tianshui Huatian Technology Co., Ltd. for the implementation of the Offer, being one of the pre-conditions to the Offer as stipulated in Section 2 of the Pre-Conditional Offer Announcement, has been obtained today.

This announcement does not indicate or amount to a firm intention by the Joint Offerors to undertake the Offer, and accordingly, there can be no certainty that the Offer will be undertaken even if the remaining Pre-Conditions are satisfied no later than the Long-Stop Date.

This announcement is dated 28 September 2018.

Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 28 Sep 2018
Category General Announcement for PLC
Reference Number GA1-25092018-00029