CORPORATE ANNOUNCEMENTS
General Announcement for PLC
Reference No: GA1-20052016-00076
 
Company Name : ECM LIBRA FINANCIAL GROUP BERHAD
Stock Name : ECM
Date Announced : 20/05/2016
Type : Announcement
Subject : TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description : ECM LIBRA FINANCIAL GROUP BERHAD
- RECEIPT OF NOTICE OF UNCONDITIONAL TAKE-OVER OFFER FROM MERCURY SECURITIES SDN BHD ON BEHALF OF MR LIM KIAN ONN
Announcement Details/Table Section :

Further to the announcement made on 24 February 2016 and 25 February 2016 relating to the Notification of Potential Mandatory General Offer from Mr Lim Kian Onn, the Board of Directors of ECM Libra Financial Group Berhad ("Board") ("ECMLFG" or "Company") wish to announce that the Company has on even date received a Notice of Unconditional Take-over Offer ("Notice") from Mercury Securities Sdn Bhd, on behalf of Mr Lim Kian Onn ("Offeror"), informing of the Offeror's intention to undertake an unconditional take-over in accordance with the Malaysian Code on Take-Overs and Mergers 2010 ("Code") to acquire all of the remaining ordinary shares of RM0.12 each of ECMLFG which are not already held by the Offeror and his persons acting in concert ("Offer Shares") for a cash offer price of RM0.37 for each Offer Share ("Offer").

The Board wish to inform that it does not intend to seek an alternative person to make a take-over offer for the Offer Shares.

In accordance with the Code, the Board has appointed BDO Capital Consultants Sdn Bhd as the Independent Adviser to advise the Board and the holders of the Offer Shares in relation to the Offer.

The Notice will be posted to the holders of the Offer Shares within seven (7) days of its receipt and a copy is enclosed herewith.

This announcement is dated 20 May 2016.

 

Attachment(s):- Notice of Unconditional Take-Over Offer.pdf

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