[ 23-07-2008 ]
Evergreen Fibreboard Berhad
General Announcement
Reference No MM-080723-45782

 

Submitting Merchant Bank
:
 AMINVESTMENT BANK BERHAD
Company Name
:
 EVERGREEN FIBREBOARD BERHAD
Stock Name
:
 EVERGRN
Date Announced
:
 23/07/2008



Type
:
 Announcement
Subject
:
EVERGREEN FIBREBOARD BERHAD

Contents
:
PROPOSED ACQUISITION BY EVERGREEN FIBREBOARD (NILAI) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EFB, OF THE BUSINESS OF HUME FIBREBOARD SDN BHD (“HFSB”) FROM HFSB FOR A TOTAL PURCHASE CONSIDERATION OF RM213,230,000 TO BE SATISFIED PARTLY IN CASH OF RM170,000,000 AND PARTLY BY WAY OF ISSUANCE OF 33,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN EFB (“SHARE”) AT AN ISSUE PRICE OF RM1.31 PER SHARE (“PROPOSED ACQUISITION”)

Announcement Details :

Further to the announcement dated 23 June 2008, AmInvestment Bank Berhad (a member of AmInvestment Bank Group), wishes to announce that an application on the Proposed Acquisition has been made to the Securities Commission today.


This announcement is dated 23 July 2008.