Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD
Company Name
:
EP MANUFACTURING BHD
Stock Name
:
EPMB  
Date Announced
:
20/05/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
EP MANUFACTURING BHD ("EPMB" OR "COMPANY")

PROPOSED ACQUISITION BY EPMEX SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EPMB, OF THE BUSINESS OF MAJU EXPRESSWAY SDN BHD ("MESB") AND ENTIRE EQUITY INTEREST IN MESB FROM BRIGHT FOCUS BERHAD AND ULIMAS SDN BHD FOR A PURCHASE CONSIDERATION OF RM1,150 MILLION ("PROPOSED ACQUISITION") TOGETHER WITH THE ISLAMIC MEDIUM TERM NOTES REDEMPTION OF NOMINAL VALUE AMOUNT OF RM550 MILLION

Announcement Details/Table Section :


Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the announcement dated 16 March 2012.

Further to our announcement dated 16 May 2013, the Company wishes to clarify that certain conditions precedent to the Acquisition Agreement including approvals of the relevant authorities have yet to be obtained todate. In view of that, the Vendors and MESB had informed EPMB of their intention to discontinue with the Proposed Acquisition and therefore, the parties have mutually agreed to terminate the Acquisition Agreement.

This announcement is dated 20 May 2013.


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