Announcement Details :
Reference is made to the announcements dated 23 June 2008, 23 July 2008, 5 August 2008 and 22 August 2008 in relation to the Proposed Acquisition.
On behalf of the Board of Directors of EFB, AmInvestment Bank Berhad (”AmInvestment Bank”), a member of the AmInvestment Bank Group, is pleased to announce that the Securities Commission ("SC") has approved the Proposed Acquisition vide its letter dated 4 September 2008 (which was received on 8 September 2008).
In the same letter, the Equity Compliance Unit (of the SC) has also approved the Proposed Acquisitions under the Foreign Investment Committee’s guidelines.
The approval of the SC is subject to the following conditions:-
(i) AmInvestment Bank / EFB is to comply with any conditions that may be imposed by Ministry of International Trade and Industry pursuant to the Proposed Acquisition;
(ii) AmInvestment Bank / EFB is to inform the SC upon completion of the Proposed Acquisition; and
(iii) AmInvestment Bank / EFB is to comply with the relevant requirements pertaining to the implementation of the acquisition under the SC’s Guidelines on the Offering of Equity and Equity-Linked Securities.
This announcement is dated 8 September 2008.