General Announcement
15/09/2003PRESS METAL BERHAD (PMB OR THE COMPANY) PROPOSED FLOTATION SCHEME OF TWO(2) OF PMBS SUBSIDIARY COMPANIES , NAMELY PMB FACADE TECHNOLOGY SDN BHD AND ITS SUBSIDIARY COMPANIES AND EVERLAST ALUMINIUM (M) SDN BHD AND ITS SUBSIDIARY COMPANIES ON THE SECOND BOARD OF THE KUALA LUMPUR STOCK EXCHANGE THROUGH PMB TECHNOLOGY BERHAD (PROPOSED FLOTATION SCHEME)
PRESS METAL BERHAD |
Type | Announcement |
Subject | PRESS METAL BERHAD (PMB OR THE COMPANY) PROPOSED FLOTATION SCHEME OF TWO(2) OF PMBS SUBSIDIARY COMPANIES , NAMELY PMB FACADE TECHNOLOGY SDN BHD AND ITS SUBSIDIARY COMPANIES AND EVERLAST ALUMINIUM (M) SDN BHD AND ITS SUBSIDIARY COMPANIES ON THE SECOND BOARD OF THE KUALA LUMPUR STOCK EXCHANGE THROUGH PMB TECHNOLOGY BERHAD (PROPOSED FLOTATION SCHEME) |
Contents :
AmMerchant Bank Berhad ("AmMerchant Bank "), on behalf of PMB, had on 12 September 2003 announced that the followings documents have been executed pursuant to the Proposed Listing:-
(i) A Share Sale Agreement (SSA) between PMBs subsidiary company, PMB Facade Technology Sdn Bhd (PMBF) and Cyberwall Limited (Cyberwall) for the proposed acquisition of Cyberwalls 30% equity interest in PMB-Cyberwall Limited (PMBC), comprising 3,900,000 ordinary shares of HKD1 each.
(ii) A SSA between PMB Technology Berhad (PMBT), the company incorporated to facilitate the Proposed Listing and PMB, Cyberwall, Huan Boon Peng and Lim Boon Kuan for the proposed acquisition of the entire enlarged issued and paid-up share capital of PMBF comprising 692,126 ordinary shares of RM1.00 each.
(iii) A SSA between PMBT and PMB and Weng Fatt Stainless Steel Sdn Bhd for the proposed acquisition of the entire issued and paid-up share capital of Everlast Aluminium (M) Sdn Bhd comprising 130,110 ordinary shares of RM1.00 each.
In relation thereto, AmMerchant Bank Berhad, on behalf of PMB, hereby announce that the condition precedents to the aforesaid SSAs have been met and the transactions are completed today.
PMB also wish to further advise that a moratorium is imposed on the sale of the shareholdings of certain vendors for a period of one(1) year from the date of admission of PMBT to the Official List of the Second Board of the KLSE. Thereafter, they are permitted to sell, transfer or assign their respective shareholdings in the Company. The details of the shareholdings of certain vendors whose shares are subject to the moratorium as imposed by the SC are set out in Table 1.
This announcement is dated 15 September 2003.
AttachmentsTable 1.doc |
Announcement Info
Company Name | PRESS METAL BERHAD |
Stock Name | PMETAL |
Date Announced | 15 Sept 2003 |
Category | General Announcement |
Reference No | MM-030915-49494 |