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
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
Latest news
Date Title
<1m ago Siemens in advanced talks to sell hearing-aids unit - sources
<1m ago Leading Proxy Firm Glass-Lewis Advises Chiquita Shareholders Vote AGAINST Revised Fyffes Transaction
1m ago HONEYWELL : 2014 Business Aviation Outlook
1m ago HAVELOCK EUROPA : A Capital Return: Halifax Opens in Edinburgh
1m ago AMREST SE : RB 98/2014 Sale of AmRest shares related to the exercise of stock options plan
1m ago MTN : shortlisted for two AfricaCom Awards
1m ago DAISY : Amendment to the Senior Facilities Agreement
1m ago CHOICE HOTELS : Celebrates Continued System Growth in 2014
1m ago WINSTON BAKER : Names TrueSpark as Charity Partner
1m agoDJBASF SE : 3Q 2014 -- Forecast
Latest news
Advertisement
Hot News 
DOMINION MIDSTREAM PARTNERS : Closes Initial Public Offering
LIVEDEAL : CEO to Purchase Up to 250,000 Shares of Company's Common Stock in Open-Market Transactions
STRATMIN GLOBAL RESOURCES : Seals Offtake Agreement With Independent Global Graphite Merchant
MAGNEGAS : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits (form 8-K)
HORIZON DISCOVERY : Drug Discovery USA Congress
Most Read News
1h ago Total CEO de Margerie killed in Moscow as jet hits snow plough
1d ago GULFMARK OFFSHORE : Announces Third Quarter 2014 Operating Results
1d ago Chipotle stock dips as sales growth forecasts come down
1d agoDJASIAN SHARES : Hang Seng Rises on China Growth Data -- Update
1d ago New Microsoft CEO pay tops $80 million with big stock awards
Most recommended articles
1m agoDJBASF SE : 3Q 2014 -- Forecast
2m ago Harley-Davidson results top view, outlook unchanged
5m ago AbbVie CEO Gonzalez loses Shire, but wins praise for gutsy move
7m agoDJEU Charges Honeywell, DuPont in Refrigerant Case
18m agoDJCanada Budget Watchdog Says Federal Budget to Return to Surplus in FY2014-15
Dynamic quotes  
ON
| OFF