General Announcement

24/08/2001

Announcement to the Kuala Lumpur Stock Exchange in relation to the proposed acquisition of the entire issued and paid-up share capital of Peninsula Securities Sdn Bhd ("PSSB"), comprising 100,000,000 ordinary shares of RM1.00 each, by K&N Kenanga Bhd, a wholly-owned subsidiary of K&N Kenanga Holdings Berhad ("K&N"), for a total cash consideration which is to be equal to the certified net tangible assets value of the PSSB group as at the date the consideration is to be paid, plus a fixed premium of RM72,000,000 ("Proposed Acquisition")

K & N KENANGA HOLDINGS BERHAD

TypeAnnouncement
SubjectAnnouncement to the Kuala Lumpur Stock Exchange in relation to the proposed acquisition of the entire issued and paid-up share capital of Peninsula Securities Sdn Bhd ("PSSB"), comprising 100,000,000 ordinary shares of RM1.00 each, by K&N Kenanga Bhd, a wholly-owned subsidiary of K&N Kenanga Holdings Berhad ("K&N"), for a total cash consideration which is to be equal to the certified net tangible assets value of the PSSB group as at the date the consideration is to be paid, plus a fixed premium of RM72,000,000 ("Proposed Acquisition")

Contents :


Further to the Companys announcement dated 27 July 2001, K&N is pleased to announce that the shareholders of Pan Pacific Asia Berhad (as the vendor of PSSB) had, at its Extraordinary General Meeting held on 24th August 2001, approved the Proposed Acquisition.


This announcement is dated 23 August 2001


c.c Issues and Investment Division
Securities Commission
(Attn : Mr. Wong Wing Seong, Director)

Announcement Info

Company NameK & N KENANGA HOLDINGS BERHAD  
Stock Name KENANGA
Date Announced24 Aug 2001  
CategoryGeneral Announcement
Reference NoK&-010824-62218

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