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
React to this article
Latest news
Date Title
04:37p VANTAGE DRILLING : Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K)
04:37p STANLEY : SOUTHCROSS ENERGY PARTNERS, L.P. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
04:37p CYTOKINETICS : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
04:37p JONES ENERGY : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)
04:37p NWEST ENERGY : Announces Extension of Private Placement
04:37p WATERSTONE FINANCIAL : Announces Share Repurchase Program
04:36p NRTH ST TELE'A' : BRIEF: Bellingham staff wants help planning future of North State Street
04:36p BROOKFIELD SOUNDVEST SPLIT TRUST : (BSD.UN and BSD.PR.A) Announces Intention to Make Normal Course Issuer Bid
04:36p LUXFER : to Report 2014 Fourth-quarter and Year-end Financial Results on March 11 and Host Conference Call on March 12
04:35p BROOKFIELD SOUNDVEST SPLIT : BSD.UN and BSD.PR.A) Announces Intention to Make Normal Course Issuer Bid
Latest news
Advertisement
Hot News 
BELLZONE MINING : Financing Update and Restoration of Trading
SNOOZEBOX : Confirms Ealing Council Project With Mears Group
CHURCHILL MINING : Board Change
THOMAS COOK : Cook and Fosun Strategic Partnership
MTY NV : ASML Receives Intel's Preferred Quality Supplier Award
Most Read News
03/05DJVOLKSWAGEN : to Announce Mexico Expansion Worth About $1 Billion -Reuters
03/05 WAREHOUSE : Summer shoppers go online with The Warehouse - growing sales 30%
03/05 BEACH ENERGY : Redemption of Convertible Notes
03/05DJE I DU PONT DE NEMOURS : DuPont : Plant Outage to Hurt Safety and Protection Unit in First Quarter
01:21a QUINDELL : in £7.1m sale of stake in accident repair firm Nationwide
Most recommended articles
04:33pDJU.S. Factory Orders-Historical, Shpmts, Unfilled, -2-
04:33pDJU.S. Factory Orders-Historical, Shpmts, Unfilled, Invty
04:32pDJU.S. Factory Orders-Historical, New Orders -2-
04:32pDJU.S. Factory Orders-Historical, New Orders
04:30p Wall St ends lower as jobs data may bring rate hike sooner
Dynamic quotes  
ON
| OFF