General Announcement

19/03/2004

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 the announcements dated 13 February 2004 and 27 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.


On behalf of CIMBB, Commerce International Merchant Bankers Berhad wishes to announce that CIMBB and TAE have mutually agreed to further extend the date for the signing of the sale and purchase agreement to 24 March 2004, as additional time is required to finalise the terms and conditions of the Proposed Acquisition. Consequently, the deadline for execution of the placement agreement between CAHB and TAE will also be extended to 24 March 2004.

This announcement is dated 19 March 2004.


    Announcement Info

    Company NameCIMB BERHAD  
    Stock Name CIMB
    Date Announced19 Mar 2004  
    CategoryGeneral Announcement
    Reference NoMM-040319-59008

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