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Press Release - Notice to Dissenting Holders (Hovid Berhad)

Last update: 11/01/2019
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 FAJAR ASTORIA SDN BHD AND HO SUE SAN @ DAVID HO SUE SAN (COLLECTIVELY, THE "JOINT OFFERORS") THROUGH CIMB INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN HOVID BERHAD ("HOVID") (EXCLUDING TREASURY SHARES) ("OFFER SHARES") NOT ALREADY HELD BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM0.38 PER OFFER SHARE ("OFFER")

KUALA LUMPUR, Jan 11 (Bernama) --
(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 5 October 2018 ("Offer Document'))

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 11 January 2019 served a notice to the 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 Shares no later than 5.00 p.m. (Malaysian time) on 8 April 2019, being a date not less than 3 months from the closing 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 Holders or by the Joint Offerors, think fit to order.



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