News

Advance Synergy Berhad ("ASB" Or The "Company") Voluntary Take-Over Offer By Aseambankers Malaysia Berhad ("ASEAMBANKERS") On Behalf Of ASB To Acquire All The Remaining Ordinary Shares of RM1.00 Each In Advance Synergy Capital Berhad ("ASCAP Shares") Which Are Not Already Owned By ASB At A Cash Offer Price Of RM0.60 Per ASCAP Share ("Offer")

BackJan 02, 2009
General Announcement
Reference No CU-090102-61812

Submitting Merchant Bank
:
 ASEAMBANKERS MALAYSIA BERHAD 
Company Name
:
 ADVANCE SYNERGY BERHAD 
Stock Name
:
 ASB
Date Announced
:
 02/01/2009


Type
:
 Announcement
Subject
:
ADVANCE SYNERGY BERHAD ("ASB" OR THE "COMPANY")

Voluntary take-over offer by Aseambankers Malaysia Berhad ("Aseambankers") on behalf of ASB to acquire all the remaining ordinary shares of RM1.00 each in Advance Synergy Capital Berhad ("ASCAP Shares") which are not already owned by ASB at a cash offer price of RM0.60 per ASCAP Share ("Offer")

Contents
:
Reference is made to our announcements dated 26 September 2008, 14 October 2008, 15 October 2008, 22 October 2008, 23 October 2008, 10 November 2008, 14 November 2008, 24 November 2008, 27 November 2008, 1 December 2008, 12 December 2008 and 15 December 2008 and the offer document dated 16 October 2008 in relation to the Offer.

On behalf of the Board of Directors of ASB, Aseambankers wishes to announce that the final valid acceptances received by ASB for the Offer as at 5.00 p.m. on 15 December 2008 is 29,052,952 ASCAP Shares representing 20.47% of the total issued and paid-up share capital of Advance Synergy Capital Berhad ("ASCAP") (excluding ASCAP Shares held as treasury shares).

The abovementioned acceptances for 29,052,952 ASCAP Shares received by ASB and 6,062,500 ASCAP Shares acquired by ASB during the period commencing 26 September 2008 up to 15 December 2008 have resulted in ASB holding a total of 125,846,952 ASCAP Shares representing 88.66% of the total issued and paid-up share capital of ASCAP (excluding ASCAP Shares held as treasury shares).


This announcement is dated 2 January 2009.