Reference No CU-061126-58259
|Submitting Merchant Bank||:||ASEAMBANKERS MALAYSIA BERHAD|
|Company Name||:||EVERGREEN FIBREBOARD BERHAD|
|Subject||:||Evergreen Fibreboard Berhad ("EFB")
- Proposed acquisitions of land and buildings, plant and equipment and inventories for a total purchase consideration of RM107 million to be wholly satisfied in cash ("Proposed Acquisition").
(Unless otherwise defined or re-defined, the definitions contained in the announcement dated 31 October 2006 in relation to the Proposed Acquisition apply throughout this annoucement.)
Reference is made to our announcement on 31 October 2006 in relation to the abovementioned Proposed Acquisition.
On behalf of the Board of Directors of EFB, Aseambankers Malaysia Berhad is pleased to announce that the Foreign Investment Committee ("FIC") had, vide its letter dated 24 November 2006 (which was received on 27 November 2006), informed that the FIC has no objection to the Proposed Acquisition.
This announcement is dated 27 November 2006.