Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Ingress Corporation Bhd : TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER FROM RAMDAWI SDN BHD, DATUK RAMELI BIN MUSA AND DATO' DR. AB WAHAB BIN ISMAIL (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") THROUGH MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB")

04/16/2013 | 07:25am US/Eastern
Recommend:
0
The Board of Directors of Ingress ("Board") wishes to announce that the Company has on 16 April 2013 received a notice of the conditional take-over offer from the Joint Offerors through Maybank IB to acquire all the remaining ordinary shares of RM1.00 each in Ingress not already owned by the Joint Offerors ("Offer Shares") for a cash offer price of RM1.85 per Offer Share ("Offer").

In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board will appoint an Independent Adviser to advise the Independent Directors and the holders of the Offer Shares on the reasonableness of the Offer. The announcement of the appointment of the Independent Adviser will be made in due course.

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 16 April 2013.
distributed by
Recommend :
0
React to this article
Latest news
Date Title
1m ago GOLDSTONE RESOURCES : Remains Confident On Sangola Despite Randgold Departure
2m ago IMAX : And China's WASU Group Announce Content Delivery Agreement For IMAX-TCL Premium Home Theatre
3m ago VELOCYS : Says Site Chosen For GreenSky London Project
3m ago RESEARCH AND MARKETS : Global Aerospace Composites Market 2014-2033 - Analysis of the $5.9 Billion Market
3m ago HUNTINGTON BANCSHARES : : Bank is No. 1 SBA Lender in the Country for Number of 7(a) Loans at Mid-Year
4m agoDJRolls-Royce, Daimler Joint Venture Stake Valued at €2.43 Billion
4m ago LAYNE CHRISTENSEN : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
4m ago JP MORGAN MID CAP INVESTMENT : DIRECTOR DEALINGS: JPMorgan Mid Cap Investment Trust Non-Executive Buys Shares
4m ago NECA-IBEW Contractor Helps in Ohio Hospital Expansion, a Feature of "Industry Today" on Industrialinfo.com
4m ago White Mountain Provides Further Update on EIS Progress and Corporate Funding
Latest news
Advertisement
Hot News 
BELGRAVIUM TECHNOLOGIES : Signs IT Contract With First Great Western
ZEBRA TECHNOLOGIES : snaps up Moto business
SNOOZEBOX : Shares Tumble As Losses Widen; Plans GBP11 Million Fundraising
PLANT HEALTH CARE : Director’s Shareholding
THE COCA-COLA COMPANY : Wave Systems Corp. Expands Relationship with Micron Technology; Best Buy U.S. Retail Stores President Steps Down
Most Read News
1h ago TESCO : Britain's FTSE advances as Tesco rallies
1d ago PAN AFRICAN RESOURCES : Karume Day and Rwanda Genocide Day
1d ago INTEL : quarterly net beats Street, CEO talks up tablets
1d ago YAHOO : sees flat second-quarter as revenue growth remains elusive
1d ago BLACKROCK : CEO Fink's pay totaled 13.6 million pounds in 2013
Most recommended articles
2h ago Global shares up on China relief, Ukraine strains remain
1h ago TESCO : Britain's FTSE advances as Tesco rallies
6d agoDJCarrefour Sales Grow at Fastest Pace in Two Years
3m agoDJRolls-Royce, Daimler Joint Venture Stake Valued at €2.43 Billion
4m ago JAPANESE INTERNET FIRMS OFFER SOMETHING NEW : high returns
Dynamic quotes  
ON
| OFF