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MEDIA PRIMA BERHAD (“MPB” OR “COMPANY”) PROPOSED ACQUISITION OF 500,000 ORDINARY SHARES OF RM1.00 EACH (“SHARES”) REPRESENTING 100% EQUITY INTEREST IN BIG TREE OUTDOOR SDN BHD (“BTO”) (“PROPOSED ACQUISITION”)

MEDIA PRIMA BERHAD

Type

Announcement
SubjectMEDIA PRIMA BERHAD (“MPB” OR “COMPANY”)

PROPOSED ACQUISITION OF 500,000 ORDINARY SHARES OF RM1.00 EACH (“SHARES”) REPRESENTING 100% EQUITY INTEREST IN BIG TREE OUTDOOR SDN BHD (“BTO”) (“PROPOSED ACQUISITION”)

Contents :

We refer to the announcement dated 20 November 2006 wherein AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad) (a member of AmInvestment Bank Group) (“AmInvestment Bank”), on behalf of the Board of Directors of MPB (“Board”) announced that MPB had on the same date entered into conditional share sale agreements with CIMB Private Equity Sdn Bhd, Suridah Jalaluddin and Sunnetic Sdn Bhd to acquire, in total, 350,000 Shares in BTO representing 70% of the issued and paid-up share capital of BTO for an aggregate purchase consideration of RM97,240,000.


On behalf of the Board, AmInvestment Bank is pleased to announce that MPB has today entered into a conditional share sale agreement with Eye Corp Asia Limited (“EYE”) to acquire the remaining 150,000 Shares in BTO from EYE representing 30% of the issued and paid-up share capital of BTO for a purchase consideration of RM43,393,500.

The full text of the announcement relating to the Proposed Acquisition is enclosed herewith.

This announcement is dated 12 January 2007.
MPB-Announcement 12.01.07.doc



Announcement Info

Company NameMEDIA PRIMA BERHAD  
Stock Name MEDIA    
Date Announced12 Jan 2007  
CategoryGeneral Announcement
Reference NoMM-070112-64821



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