OCB BERHAD ("OCB" or " the Company")
I. Proposed acquisition of 9,000,000 ordinary shares of RM1.00 each representing the entire equity interest in Ibufood Corporation Sdn Bhd from Chin Chor Hiang and Joseph Tan Seang Kuan for a cash consideration of RM54,433,091 ("Proposed ICSB Acquisition");
II. Proposed acquisition of 3,500,000 ordinary shares of RM1.00 each representing approximately 77.78% equity interest in Biz-Allianz International (M) Sdn Bhd from Yeoh Jin Hoe, Yeoh Jin Beng and Yeoh Jin Aik for a cash consideration of RM5,695,000 ("Proposed BAI Acquisition"); and
III. Proposed acquisition of 1,000,001 ordinary shares of RM1.00 each representing a 50% equity interest in Selera Citarasa Sdn Bhd from Tan Hoon Cheng @ Dahlan Bin Abdullah and Sahbanar Bin Asha'ari for a cash consideration of RM1,187,000
(collectively referred to as "the Proposed Acquisitions")
Contents :
Further to OCB's announcements dated 14 December 2001, 15 April 2002 and 2 May 2002, the Board of OCB is pleased to announce that the Ordinary Resolutions for the Proposed ICSB Acquisition and the Proposed BAI Acquisition tabled at the Extraordinary General Meeting of the Company held on 3 May 2000 were duly passed. All conditions precedent in the sale and purchase agreements in relation to the Proposed Acquisitions have been fulfilled.
Query Letter Contents :
Announcement Info
| Company Name | OCB BERHAD |
| Stock Name | OCB
|
| Date Announced | 3 May 2002 |
| Category | General Announcement |
| Reference No | OO-020503-54240 |