HL CEMENT (MALAYSIA) SDN BHD AND RIDGE STAR LIMITED (COLLECTIVELY, THE "JOINT OFFERORS")
UNCONDITIONAL VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES (EXCLUDING TREASURY SHARES) ("OFFER ORDINARY SHARES") AND ALL THE REMAINING PREFERENCE SHARES ("OFFER PREFERENCE SHARES") IN TASEK CORPORATION BERHAD ("TASEK") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A REVISED CASH CONSIDERATION OF RM5.80 PER OFFER ORDINARY SHARE AND RM5.80 PER OFFER PREFERENCE SHARE ("OFFER PRICE") ("OFFER")
— REVISION OF OFFER PRICE
(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document relating to the Offer dated 18 June 2019 ("Offer Document))
KUALA LUMPUR, Aug 5 (Bernama) -- We refer to the Offer Document which sets out the details and the terms and conditions of the Offer and our press notice dated 19 July 2019.
On behalf of the Joint Offerors, we wish to inform the Holders of Tasek that the offer price has been revised from RM5.50 to RM5.80 per Offer Ordinary Share and RM5.50 to RM5.80 per Offer Preference Share ("Revised Offer").
Accordingly, the Revised Offer shall remain open for acceptances until 5.00 p.m. (Malaysian time) on Monday, 19 August 2019, which is the final Closing Date. The terms of the Revised Offer are final and there will not be any further revision to such terms.
Save for the Revised Offer, all other details and the terms and conditions as set out in the Offer Document remain unchanged.
The Notice of Revised Offer will be despatched to the Holders of Tasek accordingly.
In accordance with Paragraph 13.01 of the Rules, the detailed disclosure on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 2 August 2019 is set out in the Appendix of this press notice.
Holders of Tasek who wish to accept the Revised Offer are also advised to refer to the Offer Document for the details, terms and conditions of the Offer and the procedures for acceptance of the Offer. Holders of Tasek are also advised to carefully consider the Independent Advice Circular dated 28 June 2019 as well as any revised comments, opinion and recommendations that may be issued by the Independent Adviser arising from the Revised Offer before making any decision.
Please click here to view full press release.SOURCE : CIMB GROUP
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Debbie Leong
Managing Director
Tel : 03-2261 0998
Email : debbie.leong@cimb.com
Name : Lim Yang Hoon
Director
Tel : 03-2261 0292
Email : yanghoon.lim@cimb.com
Name : Audrey Wong
Associate Director
Tel : 03-2261 0284
Email : audrey.wong@cimb.com
Name : Jonathan Lee
Associate
Tel : 03-2261 0368
Email : jonathanjr.lee@cimb.com
--BERNAMA
