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Press Release - Hovid Berhad


Last update: 09/02/2018

FAJAR ASTORIA SDN BHD AND HO SUE SAN @ DAVID HO SUE SAN (COLLECTIVELY, THE "JOINT OFFERORS")

NOTICE PURSUANT TO SUBSECTION 223(2) OF THE CAPITAL MARKETS AND SERVICES ACT, 2007 ("CMSA") IN RESPECT OF THE VOLUNTARY TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH CIMB INVESTMENT BANK BERHAD ("CIMB") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES AND WARRANTS OF HOVID BERHAD ("HOVID") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM0.38 PER OFFER SHARE AND RM0.20 PER OFFER WARRANT ("OFFER")

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document relating to the Offer dated 30 October 2017 ("Offer Document))

KUALA LUMPUR, Feb 9 (Bernama) -- On behalf of the Joint Offerors, we wish to inform you that in accordance with Subsection 223(2) of the CMSA, the Joint Offerors had on 9 February 2018 served a notice to the Warrant holders who have not accepted the Offer, informing them that they can elect to exercise their rights to require the Joint Offerors to acquire their Offer Warrants no later than 5.00 p.m. (Malaysian time) on 13 April 2018, which is a date at least 3 months from the close of the Offer, on the terms of the Offer or such other terms as may be agreed or as the High Court, on application made to it by the Warrant Holders or by the Joint Offerors, think fit to order.

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