General Announcement

08/08/2001

Announcement to the Kuala Lumpur Stock Exchange by Malaysian International Merchant Bankers Berhad ("MIMB"), on behalf of K&N Kenanga Holdings Berhad ("K&N" or "Company"), in relation to the proposed merger of the stockbroking and futures businesses of K&N and CMS Capital Sdn Bhd ("CMS Capital") through the acquisitions by K&N of the entire issued and paid-up share capital of Sarawak Securities Sdn Bhd ("SSSB") and Sarawak Securities Futures Sdn Bhd ("SSFSB") ("Proposed Merger")

K & N KENANGA HOLDINGS BERHAD

TypeAnnouncement
SubjectAnnouncement to the Kuala Lumpur Stock Exchange by Malaysian
International Merchant Bankers Berhad ("MIMB"), on behalf of K&N Kenanga
Holdings Berhad ("K&N" or "Company"), in relation to the proposed merger of
the stockbroking and futures businesses of K&N and CMS Capital Sdn Bhd
("CMS Capital") through the acquisitions by K&N of the entire issued and paid-up
share capital of Sarawak Securities Sdn Bhd ("SSSB") and Sarawak Securities
Futures Sdn Bhd ("SSFSB") ("Proposed Merger")

Contents :

1. Further to the Companys announcement dated 27 July 2001, MIMB is pleased to announce, on behalf of the Board of Directors of K&N, that the shareholders of CMS Capital (as the vendor of SSSB and SSFSB) and Cahya Mata Sarawak Berhad (as the holding company of CMS Capital) had, at their respective extraordinary general meetings held on 8 August 2001, approved the Proposed Merger.


2. The Proposed Merger is now subject to the approval of the KLSE, for the listing of and quotation for the new K&N shares to be issued pursuant to the Proposed Merger.


For and on behalf of
K&N KENANGA HOLDINGS BERHAD


MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD

This announcement is dated 8 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 Announced8 Aug 2001  
CategoryGeneral Announcement
Reference NoMM-010808-63616

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