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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 Bankâ€), on behalf of the Board of Directors of MPB (“Boardâ€) 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 (“EYEâ€) 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.
