News

Advance Synergy Berhad ("ASB" Or the "Company") Voluntary Take-over Offer By Maybank Investment Bank Berhad (Formerly Known As Aseambankers Malaysia Berhad) ("Maybank-IB") On Behalf Of ASB to Acquire All the Remaining Ordinary Shares Of RM1.00 Each In Advance Synergy Capital Berhad ("ASCAP Shares") At A Cash Offer Price of RM0.60 Per Ascap Share Pursuant To the De-listing of Advance Synergy Capital berhad ("ASCAP") From The Official List Of Bursa Malaysia securities Berhad ("Bursa Securities") In Accordance With Paragraph 16.04 Of The Listing Requirements Of Bursa Securities ("Exit Offer")

BackMar 10, 2009
General Announcement
Reference No MI-090310-65457

Submitting Merchant Bank
:
 MAYBANK INVESTMENT BANK BERHAD 
Company Name
:
 ADVANCE SYNERGY BERHAD 
Stock Name
:
 ASB
Date Announced
:
 10/03/2009


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

VOLUNTARY TAKE-OVER OFFER BY MAYBANK INVESTMENT BANK BERHAD (FORMERLY KNOWN AS ASEAMBANKERS MALAYSIA BERHAD) ("MAYBANK-IB") ON BEHALF OF ASB TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN ADVANCE SYNERGY CAPITAL BERHAD ("ASCAP SHARES") AT A CASH OFFER PRICE OF RM0.60 PER ASCAP SHARE PURSUANT TO THE DE-LISTING OF ADVANCE SYNERGY CAPITAL BERHAD ("ASCAP") FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") IN ACCORDANCE WITH PARAGRAPH 16.04 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES ("EXIT OFFER")

Contents
:
Reference is made to our announcement dated 27 February 2009 in relation to the Exit Offer and the announcement made by ASCAP on 10 March 2009 in relation to the receipt of approval of Bursa Securities for the withdrawal of listing of ASCAP from the Official List of Bursa Securities.

In view that the approval for the withdrawal of listing of ASCAP has been obtained today, the Exit Offer is not subject to the fulfillment of any other condition.

This announcement is dated 10 March 2009

Announcement Details :