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

CHEMICAL COMPANY OF MALAYSIA BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY BATU KAWAN BERHAD (BKB OR OFFEROR) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN CHEMICAL COMPANY OF MALAYSIA BERHAD (CCM OR OFFEREE) NOT ALREADY HELD BY THE OFFEROR (OFFER SHARES) FOR A CASH CONSIDERATION OF RM3.10 PER OFFER SHARE (OFFER)

Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those given to them in the Offer Document dated 28 December 2020 relating to the Offer.

 

Reference is made to our announcements dated 17 November 2020, 28 December 2020, 7 January 2021 and 15 January 2021 in relation to the Offer.

 

The Company wishes to announce that CIMB Investment Bank Berhad (“CIMB”), on behalf of BKB, has announced on 15 January 2021 that based on the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 15 January 2021, the Offeror and the PACs hold 154,512,810 ordinary shares in CCM (“Shares”), representing about 92.14% of the total issued Shares. 

 

The level of acceptances of the Offer as at 5.00pm (Malaysian time) on 15 January 2021 is set out below:

 

 

Number of Shares

%(*)

Shares held by the Offeror and the PACs as at 28 December 2020 (i.e. Posting Date)

108,252,308

64.55

Shares for which acceptances under the Offer (which are complete and valid in all respects) have been received by the Offeror after the Posting Date and up to 5.00 p.m. (Malaysian time) on 15 January 2021 from the Holders (other than the PACs)

45,401,402

27.07

Shares acquired or agreed to be acquired (other than by way of acceptance of the Offer) by the Offeror after the Posting Date and up to 5.00 p.m. (Malaysian time) on 15 January 2021

859,100

0.51

 

 

 

Total Shares held by the Offeror and the PACs as at 5.00 p.m. (Malaysian time) on 15 January 2021

154,512,810

92.14

Shares for which acceptances of the Offer (which are subject to verification) have been received by the Offeror after the Posting Date and up to 5.00 p.m. (Malaysian time) on 15 January 2021

1,543,636

0.92

 

Note:

Calculated based on 167,695,988 Shares as at 15 January 2021.

 

The Offeror now holds 90% or more of the Shares as a result of the Offer and the Offeror does not intend to maintain the listing status of CCM on the Main Market of Bursa Securities. In view of this, Bursa Securities will suspend the trading of the Shares upon the expiry of 5 market days from the closing date of the Offer. Thereafter, the Offeror will procure CCM to take the requisite steps to withdraw its listing status from the Official List in accordance with Paragraph 16.07(a) of the Listing Requirements.

 

Please refer to the attached announcement made by CIMB, on behalf of the Offeror, for further details.

 

This announcement is dated 15 January 2021.




Please refer attachment below.



Announcement Info

Company Name CHEMICAL COMPANY OF MALAYSIA BERHAD
Stock Name CCM
Date Announced 15 Jan 2021
Category General Announcement for PLC
Reference Number GA1-15012021-00079




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