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On behalf of the Board of Directors of MPB, AmMerchant Bank Berhad (a member of AmInvestment Group) is pleased to announce that MPB had on 20 November 2006 entered into conditional share sale agreements with CIMB Private Equity Sdn Bhd, Suridah Jalaluddin and Sunnetic Sdn Bhd to acquire, in total, 350,000 ordinary shares of RM1.00 each in BTO representing 70% of the issued and paid-up share capital of BTO for an aggregate purchase consideration of RM97,240,000 (“Proposed Acquisitionâ€).
The full text of the announcement relating to the Proposed Acquisition is enclosed herewith.
This announcement is dated 20 November 2006.
