TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY”)
POSSIBLE PRIVATISATION OF THE COMPANY (“PROPOSAL”)

We refer to the announcements dated 28 May 2020, 29 May 2020, 26 June 2020, 27 July 2020, 27 August 2020, 25 September 2020, 27 October 2020, 27 November 2020 and 24 December 2020 in relation to the Proposal (“Announcements”).

 

The Company wishes to announce that the Company had today received a press notice from Lembaga Tabung Angkatan Tentera (“LTAT”) informing that there has been no material development in respect of the Proposal subsequent to the press notices issued by LTAT which have been set out in the Announcements.

 

The Proposal is subject to, amongst others, the finalisation of the structure of the Proposal, the requisite funding for the Proposal, the required regulatory approval(s) and/or other requisite approval(s) for the Proposal.

 

THE COMPANY WISHES TO HIGHLIGHT THAT, ACCORDING TO THE PRESS NOTICE ISSUED BY LTAT, THE PRESS NOTICE ISSUED BY LTAT DOES NOT AMOUNT TO A FIRM INTENTION BY LTAT TO UNDERTAKE THE PROPOSAL. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT LTAT WILL PROCEED WITH THE PROPOSAL.

 

Please refer to the attached press notice by LTAT for further details.

 

SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION AND SEEK APPROPRIATE INDEPENDENT ADVICE WHEN DEALING IN THE BHB SHARES SINCE THERE IS NO CERTAINTY THAT LTAT WILL PROCEED WITH THE PROPOSAL.

 

This announcement is dated 27 January 2021.

 

Please refer attachment below.

 


Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced27 Jan 2021
CategoryGeneral Announcement for PLC
Reference NumberGA1-27012021-00055

 

Attachments

  1. LTAT_-_Press_Notice_27_Jan_2021.pdf (Size: 68,599 bytes)