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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KUCHAI DEVELOPMENT BERHAD ("KDB" OR THE "COMPANY") PROPOSED DISTRIBUTION OF 17,584,030 ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN"), REPRESENTING ALL OF THE 26.51% EQUITY INTEREST HELD BY KDB IN SG BAGAN, TO THE ENTITLED SHAREHOLDERS OF KDB BY WAY OF DIVIDEND-IN-SPECIE

KUCHAI DEVELOPMENT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KUCHAI DEVELOPMENT BERHAD ("KDB" OR THE "COMPANY")

PROPOSED DISTRIBUTION OF 17,584,030 ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN"), REPRESENTING ALL OF THE 26.51% EQUITY INTEREST HELD BY KDB IN SG BAGAN, TO THE ENTITLED SHAREHOLDERS OF KDB BY WAY OF DIVIDEND-IN-SPECIE

We refer to the announcements dated 22 April 2022 and 13 May 2022 in relation to the Proposed Dividend-In-Specie. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

 

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has been informed by its major shareholder, namely KRCB that the Securities Commission Malaysia (“SC”) had vide its letter dated 7 June 2022 approved KRCB’s application for an exemption under Subparagraph 4.13(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions from the obligation by KRCB and PACs with it to undertake a mandatory offer for the remaining ordinary shares in Sg Bagan not already held by KRCB and its PACs upon completion of the Proposed Dividend-In-Specie. The approval of the SC is subject to approval being obtained from the shareholders of KDB for the Proposed Dividend-In-Specie.

 

 

This announcement is dated 8 June 2022.






Announcement Info

Company Name KUCHAI DEVELOPMENT BERHAD
Stock Name KUCHAI
Date Announced 08 Jun 2022
Category General Announcement for PLC
Reference Number GA1-08062022-00035




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