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TRANSOCEAN HOLDINGS BHD (“TRANSOCEAN” OR “COMPANY”) PROPOSED SUBSCRIPTION OF 12,000,000 NEW ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN TRANSOCEAN (“SUBSCRIPTION SHARES”) BY KUMPULAN KENDERAAN MALAYSIA BERHAD AT AN ISSUE PRICE OF RM1.00 PER SHARE (“PROPOSED SUBSCRIPTION”); AND PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN USMETA MANUFACTURING SDN BHD COMPRISING 1,000,000 SHARES FROM NADICORP HOLDINGS SDN BHD FOR A CASH CONSIDERATION OF RM8.0 MILLION (“PROPOSED ACQUISITION”) (ITEMS (I) AND (II) TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

TRANSOCEAN HOLDINGS BHD

TypeAnnouncement
SubjectTRANSOCEAN HOLDINGS BHD (“TRANSOCEAN” OR “COMPANY”)

PROPOSED SUBSCRIPTION OF 12,000,000 NEW ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN TRANSOCEAN (“SUBSCRIPTION SHARES”) BY KUMPULAN KENDERAAN MALAYSIA BERHAD AT AN ISSUE PRICE OF RM1.00 PER SHARE (“PROPOSED SUBSCRIPTION”); AND

PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN USMETA MANUFACTURING SDN BHD COMPRISING 1,000,000 SHARES FROM NADICORP HOLDINGS SDN BHD FOR A CASH CONSIDERATION OF RM8.0 MILLION (“PROPOSED ACQUISITION”)

(ITEMS (I) AND (II) TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
ContentsWe refer to the Company’s announcement dated 25 January 2008 where it was announced that the Proposed Acquisition had been successfully completed on even date. We also refer to the Company’s announcement dated 29 January 2008 where it was announced that the Proposed Subscription had been successfully completed on even date.

In this respect, on behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) is pleased to announce that the Proposals had been successfully completed with the listing and quotation of the Subscription Shares on the Second Board of Bursa Malaysia Securities Berhad on 29 January 2008.

This announcement is dated 30 January 2008.


Announcement Info

Company NameTRANSOCEAN HOLDINGS BHD  
Stock Name TOCEAN    
Date Announced30 Jan 2008  
CategoryGeneral Announcement
Reference NoMM-080130-59279



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