General Announcement

04/06/2007

DAYA MATERIALS BERHAD ("DAYA" OR THE "COMPANY") - PROPOSED ACQUISITION OF SECA DYME SDN BHD ("SDSB") - PROPOSED PRIVATE PLACEMENT - PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL COLLECTIVELY REFERRED TO AS THE "PROPOSALS"

DAYA MATERIALS BERHAD

Type

Announcement
SubjectDAYA MATERIALS BERHAD ("DAYA" OR THE "COMPANY")

- PROPOSED ACQUISITION OF SECA DYME SDN BHD ("SDSB")
- PROPOSED PRIVATE PLACEMENT
- PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL

COLLECTIVELY REFERRED TO AS THE "PROPOSALS"

Contents :

We refer to our announcement dated 10 November 2006 in relation to the Proposals.


MIMB Investment Bank Berhad, on behalf of the Company, is pleased to announce that the Securities Commission ("SC") had, vide its letter dated 1 June 2007, approved the following:-

a) an extension of time of three (3) month period up to 9 August 2007 in order for DMB to complete the implementation of the Proposals; and

b) condition 1.2(i) as imposed via SC's approval letter dated 9 November 2006 is revised as follows:-

Original conditionRevised condition
Confirmation to the SC, prior to issuance of Circular to Shareholders, that the licence granted by Petroliam Nasional Berhad ("Petronas") will not be invalidated by the Proposed Acquisition of SDSBConfirmation to the SC, prior to issuance of Circular to Shareholders, that the Company will comply with 51% Bumiputera equity participation and other terms and conditions imposed by Petronas in order to maintain SDSB's status as a Petronas registered vendor subsequent to the Proposed Acquisition of SDSB

This announcement is dated 4 June 2007.


Announcement Info

Company NameDAYA MATERIALS BERHAD (MESDAQ Market) 
Stock Name DAYA
Date Announced4 Jun 2007  
CategoryGeneral Announcement
Reference NoMM-070604-32692



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