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

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in 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"))

We refer to the announcements dated 12 September 2018, 28 September 2018 and 2 November 2018 in relation to the Offer.

We wish to announce that the Company has today received the attached press notice from Maybank IB, on behalf of the Joint Offerors informing the Company that the following Pre-Conditions to the Offer, have been fulfilled:

(i)   issuance by Gansu Department of Commerce, People’s Republic of China (“PRC”) of the Overseas Investment Certificate for Enterprises for the Offer, and

(ii)  recordation for the Offer from the National Development and Reform Commission of the PRC.

Please refer to the attached press notice for further details.

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 12 November 2018.

Please refer attachment below.

Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 12 Nov 2018
Category General Announcement for PLC
Reference Number GA1-17102018-00020