TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

UNISEM (M) BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNISEM (M) BERHAD ("UNISEM" OR "THE COMPANY") - CONDITIONAL VOLUNTARY TAKE-OVER OFFER

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the notice of conditional voluntary take-over offer by Huatian Electronics Group (HK) Limited, Huatian Technology (Malaysia) Sdn Bhd, John Chia Sin Tet, Alexander Chia Jhet-Wern, Jayvest Holdings Sdn Bhd and SCQ Industries Sdn Bhd (collectively referred to as “Joint Offerors") to acquire all the remaining ordinary shares in the Company excluding treasury shares, 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, 12 November 2018, 15 November 2018, 16 November 2018, 22 November 2018 and 6 December 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 that the Joint Offerors have, as at 5.00 p.m. (Malaysian time) on 24 December 2018, received valid acceptances (which have not been withdrawn) in respect of the Offer Shares, which when taken together with the Unisem Shares acquired or agreed to be acquired by the Joint Offerors (either before or during the Offer and pursuant to the Offer or otherwise), results in the Joint Offerors holding in aggregate, more than 50% of the Unisem Shares.

 

Accordingly, the acceptance condition of the Offer has been fulfilled and the Offer has become unconditional on 24 December 2018 (“Unconditional Date”).

 

In accordance with the Offer Document, unless revised or extended, the Offer will remain open for acceptances up to 5.00 p.m. (Malaysian time) on 7 January 2019, which is 14 days from the Unconditional Date.

 

Please refer to the attached press notice for further details.

 

 

This announcement is dated 24 December 2018.




Please refer attachment below.



Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 24 Dec 2018
Category General Announcement for PLC
Reference Number GA1-24122018-00068