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 ERICSSON : to deliver fixed wireless and satellite ground services for Australia's NBN Co
<1m ago ADVANTEST : Global Deployment of New MPT3000 Testers for Solid-State Drives Commences With Multiple Orders
1m ago TRAVIS PERKINS : Gives Buoyant Outlook As Profit Jumps In First Half
1m ago SBERBANK ROSSII : DGAP-Regulatory: Sberbank: STATEMENT of the Material Fact 'On holding of a meeting of the Board of Directors (Supervisory Board) of the issuer and its agenda'
2m ago KDDI : 3rdKind Has Closed Second Round Funding of 1 Million Dollars from Nippon Venture Capital, Global Brain and Adways
2m ago MASTERCARD : Comdata, MasterCard and Hayneedle to Present a Financial Leadership Luncheon in San Francisco
2m ago BUSINESS MACHINES : Alliance Key Manager Now Available on IBM Cloud Marketplace
2m ago DSM : HealthForumOnline Adds New Online Continuing Education (CE) Course on PTSD Screening and Assessment
2m ago PAREXEL : to Speak at Pharmica Consulting's CRO Management and Partnership Conference
2m ago MARRIOTT : Stonebridge Companies' Residence Inn and Courtyard by Marriott Glenwood Springs Hotels Welcome Guests for an Exciting Labor Day Weekend
Latest news
Advertisement
Hot News 
ECLECTIC BAR : expanding to Liverpool
GUERBET : 2014 first-half results
PETRA DIAMONDS : Plunges as investor dumps 43m shares
GKN : tops FTSE on higher profits from car division
ELEMENTIS : *barclays raises elementis price target to 246 (243) pence - 'underweight'
Most Read News
1d ago FACEBOOK : Twitter assuages growth concerns for now as shares soar 35 pct
1d ago AMAZON : says lower ebook prices benefit authors, publishers
1d ago GENERAL MOTORS : GM sued over deaths, injuries linked to ignition switch
1d ago MOODY : Investment Services affirms Aa2 credit rating for Quebec
1d ago BUFFALO WILD WINGS : 2Q profit climbs 44 percent
Most recommended articles
2m agoDJSCHNEIDER ELECTRIC : 1st Half Net Profit Hurt by Euro Strength
4m ago China's investors go on global property buying spree in first-half, London, U.S. most popular - JLL
4m ago EUR/USD to Face Further Losses on Strong U.S. 2Q GDP
6m agoDJOfgem Sets Out UK Grid Operators' 2015-23 Pricing Plans
10m ago BARCLAYS : profits down as investment bank income sags
Dynamic quotes  
ON
| OFF