News
Advance Synergy Berhad (1225-D) ("ASB") United Merchant Group Berhad (286452-T) ("UMG" Or "The Company") Proposed Disposal of 74,524,000 Ordinary Shares Of RM1.00 Each In Ban Hin Lee Bank Berhad ("BHL"), Representing 43.53% Of The Total Issued And Paid-Up Share Capital Of BHL As At 9 August 1999 To Southern Bank Berhad ("SBB") For A Cash Consideration Of RM372,620,000 ("Proposed Disposal")
BackSep 23, 1999
| General Announcement Reference No MM-990923-51227 |
| Submitting Merchant Bank | : | PERDANA MERCHANT BANKERS BERHAD |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 23/09/1999 |
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| Type | : | Announcement |
| Subject | : | ADVANCE SYNERGY BERHAD (1225-D) ("ASB") UNITED MERCHANT GROUP BERHAD (286452-T) ("UMG" OR "THE COMPANY") -Proposed disposal of 74,524,000 ordinary shares of RM1.00 each in Ban Hin Lee Bank Berhad ("BHL"), representing 43.53% of the total issued and paid-up share capital of BHL as at 9 August 1999 to Southern Bank Berhad ("SBB") for a cash consideration of RM372,620,000 ("Proposed Disposal") |
Contents :
On behalf of the Board of Directors of ASB and UMG, Perdana Merchant Bankers Berhad is pleased to announce that the shareholders of the Company had at the extraordinary general meeting held on Thursday, 23 September 1999 approved the Proposed Disposal. The Proposed Disposal now remains conditional upon the approvals for the proposed acquisition being obtained by SBB from the Foreign Investment Committee and the shareholders of SBB at an extraordinary general meeting to be convened.