Bursa Announcements

Bonia Corporation berhad ("Bonia" Or "Company") I proposed purchase by Bonia of its Own ordinary shares on Bursa Malaysia Securities Berhad of not More Than Ten Percent (10%) of the Issued and Paid-up share Capital of Bonia ("Proposed Share Buy-back) Ii proposed Exemption Under Practice 2.9.10 of the Malaysian Code on Take-over and Mergers, 1998 ("code") to Bonia Holdings Sdn Bhd ("BHSB") and Parties Acting in Concert With BHSB ("PAC") From the Obligation to Undertake A Mandatory Offer On All the Remaining Ordinary shares of RM0.50 Each In Bonia ("Bonia Shares") Not Already Owned by BHSB And its Pac Upon the Purchase By Bonia Of Bonia Shares Pursuant to Its Proposed Share-buy-back Scheme ("Proposed 2.9.10 Exemption") (Collectively Referred To As The Proposals

Type	:	Announcement
Subject	:	BONIA CORPORATION BERHAD ("BONIA" OR "COMPANY") I PROPOSED PURCHASE BY BONIA OF ITS OWN ORDINARY SHARES ON BURSA MALAYSIA SECURITIES BERHAD OF NOT MORE THAN TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BONIA ("PROPOSED SHARE BUY-BACK) II PROPOSED EXEMPTION UNDER PRACTICE 2.9.10 OF THE MALAYSIAN CODE ON TAKE-OVER AND MERGERS, 1998 ("CODE") TO BONIA HOLDINGS SDN BHD ("BHSB") AND PARTIES ACTING IN CONCERT WITH BHSB ("PAC") FROM THE OBLIGATION TO UNDERTAKE A MANDATORY OFFER ON ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN BONIA ("BONIA SHARES") NOT ALREADY OWNED BY BHSB AND ITS PAC UPON THE PURCHASE BY BONIA OF BONIA SHARES PURSUANT TO ITS PROPOSED SHARE-BUY-BACK SCHEME ("PROPOSED 2.9.10 EXEMPTION") (collectively referred to as the Proposals
Contents	:	On behalf of the Board of Directors ("Board") of Bonia, HwangDBS Investment Bank Berhad wishes to announce that the Board has decided to abort the Proposals in view of uncertain global market conditions which is likely to adversely affect the real economy. The Board is reassessing the options to redeploy the Group's cash reserves as to maximise business as well as growth opportunities. This announcement is dated 10 October 2008
Announcement Details :