Type Announcement
Unisem (M) Berhad ("Unisem" or "the Company") - Receipt of Notice of Conditional Voluntary 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, 2 November 2018 and 12 November 2018 in relation to the Offer.

We wish to announce that the Company has today received from Maybank Investment Bank Berhad on behalf of the Joint Offerors, a notice of conditional voluntary take-over offer (“Notice”) informing the Board of the firm intention of the Joint Offerors to make the Offer in accordance with Paragraph 9.10(1) of the Rules.

It was noted from the Notice that as TSHT and TH Group Co have obtained the foreign exchange registrations with the State Administration of Foreign Exchange of PRC for the Offer today without conditions, all the Pre-Conditions have been satisfied.

In accordance with Paragraph 3.06 of the Rules, the Board will appoint an independent adviser to advise the directors and all shareholders of the Company, on the fairness and reasonableness of the Offer, subject to the clearance of eligibility of the independent adviser by the Securities Commission.

A copy of the Notice is attached herewith for reference.  The Notice will be despatched to all shareholders of the Company within seven (7) days from this announcement, in accordance with Subparagraph 9.10(5)(b) of the Rules.

This announcement is dated 15 November 2018.

Please refer attachment below.

Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 15 Nov 2018
Category General Announcement for PLC
Reference Number GA1-15112018-00059