EVERGREEN FIBREBOARD BERHAD ("EFB" or the "Company")PROPOSED ACQUISITION BY EVERGREEN FIBREBOARD (NILAI) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EFB, OF THE BUSINESS OF HUME FIBREBOARD SDN BHD ("HFSB")

General Announcement
Reference No MM-080821-66698

 

Submitting Merchant Bank
:
 AMINVESTMENT BANK BERHAD
Company Name
:
 EVERGREEN FIBREBOARD BERHAD
Stock Name
:
 EVERGRN
Date Announced
:
 22/08/2008



Type
:
 Announcement
Subject
:
EVERGREEN FIBREBOARD BERHAD ("EFB" OR THE "COMPANY")

PROPOSED ACQUISITION BY EVERGREEN FIBREBOARD (NILAI) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EFB, OF THE BUSINESS OF HUME FIBREBOARD SDN BHD ("HFSB") FROM HFSB FOR A TOTAL PURCHASE CONSIDERATION OF RM213,230,000 TO BE SATISFIED PARTLY IN CASH OF RM170,000,000 AND PARTLY BY WAY OF ISSUANCE OF 33,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN EFB ("SHARE") AT AN ISSUE PRICE OF RM1.31 PER SHARE ("PROPOSED ACQUISITION")

Contents
:
This announcement is dated 22 August 2008.

On behalf of the Board of Directors of EFB, AmInvestment Bank Berhad, a member of AmInvestment Bank Group, is pleased to announce that the resolution set out in the Notice of Extraordinary General Meeting ("EGM") dated 8 August 2008 and tabled at the EGM of EFB held today has been duly approved by the shareholders of EFB.
06-Jun-2011