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Kuala Lumpur Kepong (KLK)

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Wednesday 15 December, 2004

Kuala Lumpur Kepong

Acquisition

Kuala Lumpur Kepong Berhad
15 December 2004


RELEASED BY COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD ON BEHALF OF KUALA
LUMPUR KEPONG BERHAD


   • ACQUISITION BY ABLINGTON HOLDINGS SDN BHD ('AHSB'), A WHOLLY-OWNED
    SUBSIDIARY OF KL-KEPONG EQUITY HOLDINGS SDN BHD WHICH IN TURN IS
    WHOLLY-OWNED BY KLK, OF 35,000,000 ORDINARY SHARES IN LADANG PERBADANAN-FIMA
    BERHAD ('LPF'), REPRESENTING APPROXIMATELY 30.6% EQUITY INTEREST THEREIN,
    FOR A TOTAL CASH CONSIDERATION OF RM99,750,000 OR RM2.85 PER SHARE
    ('ACQUISITION'); AND


   • CONDITIONAL MANDATORY OFFER BY AHSB FOR THE REMAINING SHARES IN LPF NOT
    ALREADY OWNED BY AHSB ('OFFER')


1. ACQUISITION

On behalf of KLK, Commerce International Merchant Bankers Berhad ('CIMB') wishes
to announce that AHSB had on 14 December 2004 acquired 35,000,000 ordinary
shares of RM1.00 each in LPF ('LPF Shares'), representing approximately 30.6%
equity interest therein, for a total cash consideration of RM99,750,000 or
RM2.85 per share. The acquisition was effected as a direct business transaction
in accordance with the rules and regulations of Bursa Malaysia Securities Berhad
('Bursa Securities').

The purchase consideration for the Acquisition of RM99,750,000 or RM2.85 per
share was arrived at on a willing buyer-willing seller basis and after taking
into consideration the prevailing market price of LPF as traded on Bursa
Securities. The closing market price of the LPF Shares as at 13 December 2004 is
RM3.10.

The purchase consideration was financed from the KLK Group's internally
generated funds.

2. Information on LPF

LPF was incorporated in Malaysia on 29 November 1979 under the Companies Act,
1965. LPF has an authorised share capital of RM150,000,000 comprising
150,000,000 ordinary shares of RM1.00 each. Its current issued and paid-up share
capital is RM114,300,000 comprising 114,300,000 ordinary shares of RM1.00 each.
It was listed on the Main Board of Bursa Securities since 11 November 1994 under
the plantation sector.

LPF is principally engaged in oil palm cultivation and sale of crude palm oil
and palm kernel.

Based on its audited accounts for the financial year ended 31 December 2003, LPF
registered a consolidated profit after taxation of RM10.6 million and the
consolidated net tangible assets of LPF was RM166,313,000 or RM1.46 per share.

3. Rationale

The Acquisition is strategic and fits into KLK's objective of expanding its
interest in plantations, which is a core business of the KLK Group.

Based on the audited accounts of LPF for the financial year ended 31 December
2003, LPF has a total land bank of approximately 8,171 hectares of which 7,665
hectares is planted. It also owns a palm oil mill.

4. Effects of the Acquisition

The Acquisition will not have any effect on the share capital and the
shareholding structure of KLK. In addition, it is not expected to have any
material effect on the consolidated net tangible assets and consolidated
earnings of KLK for the financial year ending 30 September 2005.

5. Directors' and Major Shareholders' Interests

None of the Directors or major shareholders of KLK or persons connected to them
has any interest, direct or indirect, in the Acquisition.

6. Offer

KLK had earlier announced on 29 October 2004 that AHSB acquired 17,600,000 LPF
Shares, representing approximately 15.4% of the issued and paid-up share capital
of LPF. This, together with the Acquisition, results on AHSB holding a total of
52,600,000 LPF Shares, representing approximately 46.0% of the issued and
paid-up share capital of LPF. In consequence thereof, pursuant to Section 33B(2)
of the Securities Commission Act, 1993 and Part II of the Malaysian Code on
Take-Overs and Mergers, 1998 ('Code'), AHSB is now obliged to extend a
conditional mandatory offer to the other shareholders of LPF for the remaining
61,700,000 LPF Shares not already owned by AHSB. Accordingly, AHSB has on even
date served a Notice of Conditional Mandatory Offer ('Notice') on the Board of
Directors of LPF.

The Notice is appended together with this announcement. The Notice has also been
sent to the SC and Bursa Securities and released to the press in accordance with
the provisions of the Code.

(The announcement is dated 14 December 2004)

14 December 2004



The Board of Directors
Ladang Perbadanan-Fima Berhad
No.10 Persiaran Gopeng Satu
31350 Ipoh
Perak Darul Ridzuan

Dear Sirs

NOTICE OF CONDITIONAL MANDATORY OFFER

1. INTRODUCTION

On 29 October 2004, Ablington Holdings Sdn Bhd ('Ablington' or 'Offeror'), a
wholly-owned subsidiary of KL-Kepong Equity Holdings Sdn Bhd which in turn is
wholly-owned by Kuala Lumpur Kepong Berhad ('KLK'), acquired 17,600,000 ordinary
shares of RM1.00 each in Ladang Perbadanan-Fima Berhad ('LPF') ('LPF Shares'),
representing approximately 15.4% equity interest therein, from Kuda Sejati Sdn
Bhd, a wholly-owned subsidiary of the Perak State Economic Development
Corporation, for a total cash consideration of RM50,160,000 or RM2.85 per LPF
Share. The acquisition was effected as a direct business transaction in
accordance with the rules and regulations of Bursa Malaysia Securities Berhad
('Bursa Securities').

On 14 December 2004, Ablington acquired an additional 35,000,000 LPF Shares,
representing approximately 30.6% equity interest therein, for a total cash
consideration of RM99,750,000 or RM2.85 per share. The acquisition was effected
as a direct business transaction in accordance with the rules and regulations of
Bursa Securities.

As at even date, Ablington now holds a total of 52,600,000 LPF Shares,
representing approximately 46.0% of the issued and paid-up share capital of LPF.
In consequence thereof, pursuant to Section 33B(2) of the Securities Commission
Act, 1993 ('SCA') and Part II of the Malaysian Code on Take-Overs and Mergers,
1998 ('Code'), Ablington is obliged to extend a conditional mandatory offer to
the other shareholders of LPF for the remaining 61,700,000 LPF Shares not
already owned by Ablington.

Given that Ablington and the persons deemed acting in concert with it (as
hereinafter disclosed) do not hold in aggregate more than 50% of the ordinary
shares in LPF, the Offer (as hereinafter defined) to be made by Ablington herein
shall be conditional as to the level of acceptances from the holders of the
Offer Shares ('Holders') which would result in Ablington and persons acting in
concert with it holding in aggregate more than 50% of the issued and paid-up
share capital of LPF.

Words importing the singular shall, where applicable, include the plural and
vice versa and words importing the masculine gender shall, where applicable,
include the feminine and neuter genders and vice versa. Reference to persons
shall include corporations.
Any reference to any enactment is a reference to that enactment as for the time
being amended or re-enacted.

Any reference to a time of day shall be a reference to Malaysian Standard Time,
unless otherwise stated.

2. THE OFFER

Pursuant to Section 12 and Practice Note 2.1 of the Code, Commerce International
Merchant Bankers Berhad ('CIMB'), on behalf of the Offeror, hereby serves a
notice to make a conditional mandatory offer ('Offer') to acquire the remaining
61,700,000 ordinary shares of RM1.00 each in LPF ('Offer Shares'), representing
approximately 54.0% equity interest therein, not already owned by the Offeror as
mentioned in Section 1 above ('Notice'), at the offer price of RM2.85 per Offer
Share.

Section 33(3) of the SCA provides that the persons set out therein are deemed to
be acting in concert unless the contrary is established. Notwithstanding the
provisions of Section 33(3) of the SCA, the Offeror wishes to state that save
for the deemed persons acting in concert ('PAC') who are listed below, there is
no other person (including those who are deemed to be acting in concert pursuant
to Section 33(3) of the SCA) who is acting in concert with the Offeror in
relation to the Offer.

As at 1 December 2004, being the latest practicable date prior to this Notice,
the shareholdings of the Offeror and the PAC in LPF are as follows:

                           <-----Direct--------->    <------Indirect--------->
                               No. of LPF        %          No. of LPF       %
                            Shares held                  Shares held

Ablington                    52,600,000       46.0                 -         -
KL-Kepong
Equity
Holdings Sdn
Bhd                                   -          -      52,600,000*1    46.0*1
KLK                                   -          -      52,600,000*2    46.0*2
Batu Kawan
Berhad                                -          -      52,600,000*3    46.0*3
Arusha
Enterprise Sdn
Bhd                                   -          -      52,600,000*4    46.0*4
Wan Hin
Investments
Sdn Bhd                               -          -      52,600,000*5    46.0*5
Di-Yi Sdn Bhd                         -          -      52,600,000*6    46.0*6
High Quest
Holdings Sdn
Bhd                                   -          -      52,600,000*6    46.0*6
Elionai Sdn
Bhd                                   -          -      52,600,000*6    46.0*6
Dato' Lee Oi
Hian                                  -          -      52,600,000*7    46.0*7
Dato' Lee Hau
Hian                                  -          -      52,600,000*8    46.0*8
Dato' Lee Soon
Hian                                  -          -      52,600,000*9    46.0*9

Notes:

*1 Deemed interested through Ablington
*2 Deemed interested through KL-Kepong Equity Holdings Sdn Bhd
*3 Deemed interested through KLK
*4 Deemed interested through Batu Kawan Berhad
*5 Deemed interested through Arusha Enterprise Sdn Bhd
*6 Deemed interested through Wan Hin Investments Sdn Bhd
*7 Deemed interested through Di-Yi Sdn Bhd
*8 Deemed interested through High Quest Holdings Sdn Bhd
*9 Deemed interested through Elionai Sdn Bhd

Pursuant to Section 14(1) of the Securities Industries (Central Depositories)
Act, 1991 ('SICDA'), Bursa Securities has prescribed the LPF Shares as
securities which are required to be deposited into the Central Depository
System. Accordingly, all dealings in the LPF Shares have been and will be
carried out in accordance with the SICDA and the Rules of Bursa Malaysia
Depository Sdn Bhd ('Bursa Depository').

Holders wishing to accept the Offer, are advised to refer to the procedures for
acceptances set out in a document outlining the details of the Offer together
with the Form of Acceptance and Transfer ('Offer Document') to be despatched to
them in due course. The Offer will be made to each of the Holders in respect of
all their Offer Shares.


3. INFORMATION ON THE OFFEROR

Ablington was incorporated as a private company limited by shares in Malaysia
under the Companies Act, 1965 on 14 April 1995 under its present name.

Ablington is principally an investment holding company.

The authorised share capital of Ablington is RM5,000,000 comprising 3,200,000
ordinary shares of RM1.00 each and 18,000,000 redeemable preference shares of
RM0.10 each. As at the date of this Notice, the issued and paid-up share capital
of Ablington is RM3,800,000 comprising 2,000,000 ordinary shares of RM1.00 each
and 18,000,000 redeemable preference shares of RM0.10 each.

4. TERMS AND CONDITIONS OF THE OFFER

The principal terms and conditions of the Offer, unless otherwise directed, or
permitted to be varied by the Securities Commission ('SC'), will be as follows:

4.1 Consideration

The Offeror shall offer on equal terms to all Holders a cash payment of RM2.85
for each Offer Share accepted under the Offer ('Offer Price'). Holders may
accept the Offer in respect of all or in part of their Offer Shares.

4.2 Condition of the Offer

The Offer shall be conditional upon the Offeror having received by 5:00 p.m. on
the First Closing Date (as defined below), or such revised or extended closing
date as the Offeror may decide with the consent of the SC, valid acceptances
(provided that they are not, where permitted, withdrawn) in respect of the Offer
Shares, which would result in the Offeror and the PAC holding in aggregate,
together with such LPF Shares that are already acquired, held or entitled to be
acquired or held by the Offeror and the PAC, of more than 50% of the voting
shares of LPF, failing which the Offer shall lapse.

4.3 Date of Offer

Subject to the approval of the Foreign Investment Committee for the Offer and
barring unforeseen circumstances and unless otherwise directed by the SC to
defer in so doing or permission is granted by the SC for deferment, the Offer
will be made and the Offer Document will be despatched not later than
thirty-five (35) days from the date hereof. The Offer Document will be
despatched to the Board of Directors of LPF and to the Holders of the Offer
Shares whose names appear on the Register of Depositors/Members of LPF as at the
latest practicable date within the stipulated period above.

4.4 Warranty

The Offer Shares are to be acquired on the basis of an acceptance by a Holder
('Accepting Holder') made to him in accordance with the provisions of the Offer
Document and such acceptance will be deemed to constitute a warranty by him that
the Offer Shares to which such acceptance relates are sold free from all claims,
charges, liens, encumbrances and equities and with all rights and entitlement
attached thereto from the date of the Offer Document, including the right to all
dividends and distributions declared, paid or made thereafter.

4.5 Duration of the Offer

(i) Except insofar as the Offer may be withdrawn with the consent of the SC and
every person released from any obligation incurred thereunder, the Offer will
remain open for acceptance for at least twenty-one (21) days after the date of
despatch of the Offer Document ('First Closing Date'), unless extended or
revised by the Offeror with the consent of the SC. When there is a competing
take-over offer made during the period as referred to above, the Offer Document
sent by the Offeror shall be deemed to have been despatched on the same day the
competing offer document was despatched.

(ii) If the Offer is revised, it will remain open for acceptance for a period of
at least fourteen (14) days from the date of despatch of written notification of
the revision to the Holders.

(iii) Where the Offer has become or is declared unconditional as to the
acceptances of the Offer on any day BEFORE the 46th day from the date of
despatch of the Offer Document, the Offer will remain open for acceptances for
not less than 14 days from the date on which the Offer becomes and is declared
unconditional, which shall, in any event, be no later than the 60th day from the
date of despatch of the Offer Document.

(iv) Where the Offer has become or is declared unconditional as to the
acceptances of the Offer on any day AFTER the 46th day from the date of despatch
of the Offer Document, the Offer will remain open for acceptances for not less
than 14 days from the date in which the Offer becomes and is declared
unconditional, which shall, in any event, be no later than the 74th day from the
date of despatch of the Offer Document.

(v) Without prejudice to Sections 4.5(i), (iii) and 4.5(iv) of this Notice, the
Offeror shall give not less than 14 days' notice in writing to the Holders
before closing the Offer.

(vi) Subject to the SC's approval, Section 4.5(v) shall not apply where the
Offer has become unconditional as to acceptances before an expiry date and the
Offer Document clearly states that the Offer will be closed on a specific date.

(vii) The Offeror shall not give a written notice pursuant to Section 4.5(v) of
this Notice where a competing take-over offer has been announced, unless the
competing take-over offer has reached its conclusion or the Holders who hold 50%
or more of the voting shares of LPF have irrevocably rejected the competing
take-over offer in favour of the Offer.

(viii) Where the Offer has become or is declared unconditional as to acceptances
and the Offeror states that the Offer shall remain open until further notice,
the Offeror shall give 14 days' notice in writing before closing the Offer.

(ix) In any announcement of an extension of the Offer, the next expiry date will
be stated.

4.6 Revision of the Offer

(i) Where the terms of the Offer are revised, a written notification of the
revised offer shall be despatched to all Holders, including those who have
previously accepted the original Offer.

(ii) Where the terms of the Offer are revised, all Holders who have accepted the
original Offer prior to the revision of the same shall receive the revised
consideration as consideration that is to be paid or provided for pursuant to
the acceptance of the Offer.

(iii) The Offer may not be revised after the 46th day from the date of despatch
of the Offer Document or deemed despatch date of the Offer Document in the event
there exists a competing offer document, whichever is later.

4.7 Rights of Withdrawal by an Accepting Holder

(i) All acceptances of the Offer by a Holder SHALL BE IRREVOCABLE. However,
where the Offeror fails to comply with any of the requirements set out in
Section 4.10(i) of this Notice by the close of trading at Bursa Securities on
the market day following the day on which the Offer is closed or following the
day on which the Offer becomes or is declared unconditional as to the level of
acceptances, is revised or extended ('Relevant Day'), any Holder who has
accepted the Offer shall be entitled to withdraw his acceptance immediately
thereafter.

(ii) Notwithstanding Section 4.7(i) of this Notice, the SC may terminate the
right of withdrawal by an Accepting Holder if:

(a) the Offeror has complied with the requirements set out in Section 4.10(i) of
this Notice within eight (8) days from the Relevant Day where the expiry of the
eight (8) day period from the Relevant Day shall not fall after the expiry of
the 60th day from the date of despatch of the Offer Document; and

(b) the Offeror has confirmed in a statement by way of press notice that the
Offer is unconditional as to the level of acceptances.

However, the right of any person who has already withdrawn his acceptance under
Section 4.7(i) of this Notice shall not be prejudiced by the termination of such
right of withdrawal by the SC.

4.8 Withdrawal of Offer by the Offeror

The Offer may not be withdrawn by the Offeror without the prior written approval
of the SC.

4.9 Settlement

The settlement of the consideration to which any Accepting Holder is entitled
under the Offer will be implemented in full in accordance with the terms of the
Offer without regard to any lien, right of set-off, counter-claim or other
analogous rights to which the Offeror may otherwise be, or claim to be, entitled
against the said Accepting Holder. This, however, is without prejudice to the
Offeror's rights to make any claim against the Accepting Holder after such full
settlement in respect of a breach of the warranty as set out in Section 4.4 of
this Notice.

The settlement of the Offer will be effected via the remittance in the form of
cheques, banker's drafts and/or cashier's orders which will be despatched by
ordinary mail to the Accepting Holders (or their designated agents, as they may
direct) at their own risk in the following manner:

(i) For acceptances received on or before the day the Offer becomes or is
declared unconditional as to acceptances ('Unconditional Date') and are deemed
by the Offeror to be complete and valid in all respects in accordance with the
terms and conditions in the Offer Document to be issued, the remittance will be
despatched to the relevant Accepting Holders (or their designated agents as they
may direct) within 21 days from the Unconditional Date; and

(ii) For acceptances received after the Unconditional Date, the settlement will
be effected in the following manner:

(a) in respect of acceptances received and are deemed by the Offeror to be
complete and valid in all respects in accordance with the terms and conditions
in the Offer Document to be issued, the remittances will be despatched to the
relevant Accepting Holders (or their designated agents as they may direct),
within 14 days from the date of receipt of such acceptances; and

(b) in respect of acceptances that are supported by valid contract notes but are
not accompanied by a complete and valid Depositor Copy of the Bursa Securities
Transfer of Securities Request Form (FTF010) duly verified and acknowledged by
the Authorised Depository Agent/Authorised Direct Member ('ADA/ADM'), the
remittances will be despatched to the relevant Accepting Holders (or their
designated agents as they may direct) within 14 days from the date of receipt of
the Depositor Copy of the Bursa Depository Transfer of Securities Request Form
(FTF010) which are deemed by the Offeror to be complete and valid in all
respects provided that the Depositor Copy of the Bursa Depository Transfer of
Securities Request Form (FTF010) duly verified and acknowledged by the ADA/ADM
are received no later than 5 days from the closing date of the Offer and in
accordance with the terms and conditions in the Offer Document to be issued.

4.10 Announcement of Acceptances

(i) The Offeror shall inform the SC and Bursa Securities and announce by way of
press notice before the trading in the securities of LPF commences on the Bursa
Securities on the Relevant Day:

(a) the position of the Offer, that is, as to whether the Offer is closed,
revised or extended; and

(b) the total number of Offer Shares together with its percentage in the issued
and paid-up capital of LPF:

(aa) for which acceptances under the Offer have been received after the date of
despatch of the Offer Document;

(bb) held by the Offeror and the PAC at the time of despatch of the Offer
Document; and

(cc) acquired or agreed to be acquired by the Offeror and the PAC during the
period of the Offer.

(ii) In computing the Offer Shares represented by acceptances, there may be
included or excluded for announcement purposes, acceptances which are not in
order in all respects or which are subject to verification.

(iii) References to the making of an announcement or the giving of notice by the
Offeror include the release of an announcement by CIMB on behalf of the Offeror,
or its advertising agent(s) to the press or the delivery of or transmission by
telex, facsimile or via Bursa Securities's Listing Information Network.

(iv) An announcement made otherwise than to Bursa Securities shall be notified
simultaneously to Bursa Securities.

4.11 General

(i) All communications, notices, documents and payments to be delivered or sent
to the Holders or their designated agents, will be despatched by ordinary mail
at their own risk. Unless the contrary is proved, delivery of the communication/
notice/document/payment shall be presumed to be effected by properly addressing,
prepaying and despatch by ordinary mail the communication/notice/document/
payment and shall be presumed to have been effected at the time when the
document would have been delivered in the ordinary course of the mail.

(ii) The Offer and all acceptances received thereunder will be construed under
and governed by Malaysian law, and the Offeror and the PAC and the Holders shall
submit to the exclusive jurisdiction of the Courts of Malaysia.

(iii) Holders may accept the Offer made to them in respect of all or part of
their Offer Shares.

(iv) Accidental omission to despatch the Offer Document to any person to whom
the Offer is made shall not invalidate the Offer in any way.

(v) All costs and expenses of or incidental to the preparation and circulation
of the Offer Document (other than professional fees and other costs relating to
the Offer incurred by LPF and other than the payment of any transfer, taxes,
duties, costs, expenses or other requisite payments due in a jurisdiction
outside of Malaysia if any, resulting from acceptances of the Offer) will be
borne by the Offeror.

(vi) The Form of Acceptance and Transfer which will accompany the Offer Document
will contain provisions for the acceptance of the Offer and the transfer of the
Offer Shares to the Offeror or its appointed nominees, instructions as to the
completion of the Form of Acceptance and Transfer and other matters incidental
to the acceptance of the Offer and the transfer of the Offer Shares. No
acknowledgement of the receipt of the Form of Acceptance and Transfer will be
issued.

5. COMPULSORY ACQUISITION

Section 34 of the SCA provides that where a take-over offer by an offeror to
acquire all the shares or all the shares in any particular class or classes in
an offeree has, within four (4) months after the making of the take-over offer,
been accepted by the shareholders of not less than nine-tenth (9/10) of the
nominal value of those shares or of the shares of that class or classes (other
than the shares already held at the date of the take-over offer by the offeror
or by a nominee for or a related corporation of the offeror), the offeror may at
any time within two (2) months after the take-over offers has so been accepted,
give notice to any dissenting shareholder that it desires to acquire his shares
together with a statutory declaration by the offeror that the conditions for the
giving of the notice are satisfied.

In the event that the Offeror is able to obtain acceptances in respect of not
less than nine-tenth (9/10) of the nominal value of the Offer Shares upon
completion of the Offer, the Offeror intends to invoke Section 34 of the SCA to
compulsorily acquire any remaining Offer Shares from the Holders who have
elected not to accept the Offer.

6. LISTING STATUS OF LPF

Pursuant to Paragraph 8.15 of the Listing Requirements of Bursa Securities
('Listing Requirements'), in order to ensure the continued listing of LPF on
Bursa Securities, LPF must satisfy the shareholding spread requirement as per
Paragraph 3.05 of the Listing Requirements that at least 25% of its issued and
paid-up share capital is in the hands of a minimum of 1,000 public shareholders
(as defined in the Listing Requirements) holding not less than 100 LPF Shares
each.

It is the general intention of the Offeror to retain the listing status of LPF
on Bursa Securities so as to enable existing shareholders of LPF to continue to
hold shares in a listed company. The Offeror will take the necessary steps to
rectify the shareholding spread of LPF as described above if required to retain
the listing status of LPF. However, in the event the Offeror is able to invoke
Section 34 of the SCA as described in Section 5 of this Notice, the listing
status of LPF will not be retained.

7. DISCLOSURE OF INTEREST IN LPF

In accordance with Section 12(4)(c) and (d) of Part IV of the Code, the Offeror
hereby confirms the following:

(i) As at the date of this Notice, the Offeror and the PAC is deemed interested
in a total of 52,600,000 LPF Shares, representing approximately 46.0% of the
issued and paid-up share capital of LPF.

(ii) As at the date of this Notice, the Offeror and the PAC have not received
any irrevocable undertakings from any of the Holders to accept the Offer.

(iii) As at the date of this Notice, the Offeror and the PAC do not have any
option to acquire any Offer Shares.

(iv) As at the date of this Notice, there is no existing or proposed agreement,
arrangement or understanding in relation to the Offer Shares between the Offeror
and/or the PAC and the Holders.


8. FINANCIAL RESOURCES OF THE OFFEROR

The Offeror and CIMB are reasonably satisfied that the Offer would not fail due
to insufficient financial capability of the Offeror and that every Holder who
wishes to accept the Offer will be paid in full.

9. RESPONSIBILITY STATEMENT

This Notice has been seen and the issue of this Notice has been approved by the
Board of the Offeror, and they collectively and individually accept full
responsibility for the accuracy of the information given and confirm that after
making all reasonable enquiries and to the best of their knowledge and belief,
there are no false or misleading statements or other material facts the omission
of which would make any statement herein false or misleading.

10. PUBLIC RELEASE

In accordance with the provisions of the Code, a copy of this Notice will be
forwarded to the SC and Bursa Securities for public release.

We would be grateful if you could acknowledge receipt of this Notice by signing
and returning to us the duplicate of this Notice.

Yours faithfully
for and on behalf of
COMMERCE INTERNATIONAL
MERCHANT BANKERS BERHAD



Loh Shai Weng                                            Low Eng Kiat
Director/Co-Head                                         Director
Corporate Finance                                        Corporate Finance




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