| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IJ-120829-34398 |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | BONIA CORPORATION BERHAD (“BONIA” OR THE “COMPANY”) UNCONDITIONAL TAKE-OVER OFFER BY AMINVESTMENT BANK BERHAD, ON BEHALF OF THE FREEWAY TEAM SDN BHD, CHIANG SANG SEM AND CHIANG FONG YEE (COLLECTIVELY REFERRED TO AS “JOINT OFFERORS”), TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN BONIA (“BONIA SHARE”) NOT ALREADY HELD BY THE JOINT OFFERORS AND PERSONS ACTING IN CONCERT WITH THEM (“OFFER SHARES”), FOR A CASH CONSIDERATION OF RM2.04 PER BONIA SHARE (“OFFER”) |
| Query Letter Contents | We refer to the Company's announcement dated 28 August 2012, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- Listing Status of Bonia and Compulsory Acquisition It is noted that the Joint Offerors' intention is to maintain the listing status of Bonia. However, it is also noted that the Joint Offerors shall have the absolute discretion to decide whether to invoke the compulsory acquisition provision of Section 222(1) of CMSA if the acceptances received by the Joint Offerors resulted in the Joint Offerors and the PACs holding not less nineths (9/10) in the nominal value of the Offer Shares. Given the above, the Joint Offerors is required to make known its stance as at the date of the Notice of Take-Over Offer on whether they intend or not to invoke the compulsory acquisition provision of Section 222(1) of CMSA ("Intention to invoke Compulsory Acquisition"). You are hereby reminded that the intention to invoke compulsory acquisition by the Joint Offeror must be consistent with the stance with regard to the listing status of Bonia. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully HENG TECK HENG Head, Issuers Listing Division Regulation HTH/IJ c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax |
We refer to the announcement dated 28 August 2012 (“Announcement”) and Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query letter dated 29 August 2012 in respect of the Notice pursuant to the Offer. Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the Announcement and the Notice dated 28 August 2012. The Board of Directors of Bonia (“Board”) wishes to announce that in the supplemental notice pertaining to the Offer (“Supplemental Notice”) which was received on even date, the Joint Offerors have decided that should the acceptances received by the Joint Offerors pursuant to the Offer resulted in the Joint Offerors and the PACs holding not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding Bonia Shares already held at the date of the Offer by the Joint Offerors and the PACs), the Joint Offerors do not intend to invoke the compulsory acquisition provision of Section 222(1) of the CMSA. Further, the Joint Offerors have also stated in the Supplemental Notice that they intend to maintain the listing status of Bonia. Bonia had also, today, announced the receipt of the Supplemental Notice. This announcement is dated 29 August 2012. |
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| Company Name | BONIA CORPORATION BERHAD |
| Stock Name | BONIA |
| Date Announced | 29 Aug 2012 |
| Category | General Announcement |
| Reference No | BC-120829-62342 |
