General Announcement

27/02/2004

CIMB BERHAD (CIMBB) PROPOSED ACQUISITION BY CIMBB OF THE ENTIRE EQUITY INTEREST IN BOTLY SECURITIES SDN BHD FROM TA ENTERPRISE BERHAD (TAE) FOR A TOTAL PURCHASE CONSIDERATION OF RM400 MILLION TO BE SATISFIED BY THE ISSUANCE OF 80,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN CIMBB (CONSIDERATION SHARES) AT AN ISSUE PRICE OF RM5.00 PER CIMBB SHARE (PROPOSED ACQUISITION)

CIMB BERHAD

Type

Announcement
SubjectCIMB BERHAD (CIMBB)

PROPOSED ACQUISITION BY CIMBB OF THE ENTIRE EQUITY INTEREST IN BOTLY SECURITIES SDN BHD FROM TA ENTERPRISE BERHAD (TAE) FOR A TOTAL PURCHASE CONSIDERATION OF RM400 MILLION TO BE SATISFIED BY THE ISSUANCE OF 80,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN CIMBB (CONSIDERATION SHARES) AT AN ISSUE PRICE OF RM5.00 PER CIMBB SHARE (PROPOSED ACQUISITION)

Contents :

We refer to our announcement dated 13 February 2004 in relation to the Proposed Acquisition together with the placement of a total of 80% of the Consideration Shares to Commerce Asset-Holding Berhad (CAHB) by TAE at the issue price for the Proposed Acquisition.


We are pleased to announce that CIMBB and TAE have mutually agreed to extend the date of signing of the sale and purchase agreement to 20 March 2004, upon and subject to satisfactory due diligence by 19 March 2004 in respect of the Proposed Acquisition. Consequently, the date for the execution of the placement agreement between TAE and CAHB for the 80% of the Consideration Shares will also be extended to 20 March 2004.


    This announcement is dated 27 February 2004.


    Announcement Info

    Company NameCIMB BERHAD  
    Stock Name CIMB
    Date Announced27 Feb 2004  
    CategoryGeneral Announcement
    Reference NoMM-040227-62067

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