General Announcement

23/11/2004

CIMB BERHAD ("CIMB") PROPOSED ACQUISITIONS BY CIMB OF: (I) 70% EQUITY INTEREST IN COMMERCE TRUST BERHAD (CTB) FROM COMMERCE ASSET-HOLDING BERHAD (CAHB) COMPRISING 4,900,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM17,000,000 OR APPROXIMATELY RM3.47 PER SHARE ("PROPOSED CTB ACQUISITION"); AND (II) 70% EQUITY INTEREST IN COMMERCE ASSET FUND MANAGERS SDN BHD (CAFM) FROM CAHB COMPRISING 3,850,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM18,000,000 OR APPROXIMATELY RM4.68 PER SHARE ("PROPOSED CAFM ACQUISITION"). (COLLECTIVELY REFERRED TO AS THE PROPOSED ACQUISITIONS)

CIMB BERHAD

Type

Announcement
SubjectCIMB BERHAD ("CIMB")

PROPOSED ACQUISITIONS BY CIMB OF:

(I) 70% EQUITY INTEREST IN COMMERCE TRUST BERHAD (CTB) FROM COMMERCE ASSET-HOLDING BERHAD (CAHB) COMPRISING 4,900,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM17,000,000 OR APPROXIMATELY RM3.47 PER SHARE ("PROPOSED CTB ACQUISITION"); AND

(II) 70% EQUITY INTEREST IN COMMERCE ASSET FUND MANAGERS SDN BHD (CAFM) FROM CAHB COMPRISING 3,850,000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM18,000,000 OR APPROXIMATELY RM4.68 PER SHARE ("PROPOSED CAFM ACQUISITION").

(COLLECTIVELY REFERRED TO AS THE PROPOSED ACQUISITIONS)

Contents :

We refer to our announcements dated 10 August 2004, 18 August 2004 and 9 November 2004 in relation to the Proposed Acquisitions and are pleased to announce that the Proposed Acquisitions were completed on 23 November 2004.


This announcement is dated 23 November 2004.


Announcement Info

Company NameCIMB BERHAD  
Stock Name CIMB
Date Announced23 Nov 2004  
CategoryGeneral Announcement
Reference NoMM-041123-61846

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