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

GETS GLOBAL BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM UOB KAY HIAN SECURITIES (M) SDN BHD ON BEHALF OF ADA CAPITAL INVESTMENTS LIMITED AND TEONG LIAN AIK (COLLECTIVELY, THE "JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN GETS GLOBAL BERHAD ("GETS") NOT ALREADY HELD BY THE JOINT OFFERORS ("OFFER SHARE(S)") AT A CASH CONSIDERATION OF RM0.55 PER OFFER SHARE ("OFFER")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Offer.

 

We refer to the earlier announcement dated 30 November 2020 in relation to the Offer.

 

The Board of Directors of GETS wish to announce that it had, on 18 December 2020, received a press release from UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH"), informing that on behalf of the Joint Offerors, UOBKH had on 17 December 2020 submitted an application to the Securities Commission Malaysia ("SC") for an extension of time to dispatch the offer document ("Offer Document") and submit the independent advice circular ("IAC") in relation to the Offer. The SC had vide its letter dated 18 December 2020 approved the following:-

 

  1. the Offer Document is to be dispatched by 4 January 2021 or until such time when the SC has notified that it has no further comments on the Offer Document; and
  2. the draft IAC is to be submitted for SC's comment within 1 market day from SC's notification that it has no further comments on the Offer Document.

 

A copy of the press release dated 18 December 2020 relating to the above is attached herewith.

 

 

This announcement is dated 18 December 2020.




Please refer attachment below.



Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 18 Dec 2020
Category General Announcement for PLC
Reference Number GA1-18122020-00092




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