NV MULTI CORPORATION BERHAD (“NV Multi” or the “Company”) I. Proposed disposal of the entire business and undertakings (including the entire assets and liabilities) of NV Multi to NV Multi Asia Sdn Bhd (formerly known as Mutual Tactic Sdn Bhd) for a total consideration of RM300,011,400 (“Proposed Disposal”) II. Proposed distribution of the cash proceeds arising from the Proposed Disposal to all the entitled shareholders of NV Multi (“Proposed Distribution”) (collectively referred to as the Proposals”)

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectNV MULTI CORPORATION BERHAD (“NV Multi” or the “Company”)
I. Proposed disposal of the entire business and undertakings (including the entire assets and liabilities) of NV Multi to NV Multi Asia Sdn Bhd (formerly known as Mutual Tactic Sdn Bhd) for a total consideration of RM300,011,400 (“Proposed Disposal”)
II. Proposed distribution of the cash proceeds arising from the Proposed Disposal to all the entitled shareholders of NV Multi (“Proposed Distribution”)
(collectively referred to as the Proposals”)
ContentsWe refer to our announcements dated 21 October 2010 and 3 November 2010. All abbreviations used herein shall have the same meaning as those used in our announcement dated 21 October 2010.

HwangDBS Investment Bank Berhad (“HwangDBS”), on behalf of the Board of Directors of NV Multi, is pleased to announce that Bursa Securities had, vide its letter dated 25 November 2010 (which was received today), approved (i) the listing of and quotation for up to 76,918,400 new ordinary shares of RM0.25 each in NV Multi to be issued pursuant to the Proposed Bonus Issue; and (i) the Proposed Consolidation.

The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:

(i) NV Multi and HwangDBS must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

(ii) NV Multi and HwangDBS to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) NV Multi to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and

(iv) NV Multi and HwangDBS are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements.

This announcement is dated 26 November 2010.


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced26 Nov 2010  
CategoryGeneral Announcement
Reference NoOD-101126-62712