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发表于 10-1-2008 11:48 PM
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Submitting Merchant Bank | : | ASEAMBANKERS MALAYSIA BERHAD | Company Name | : | TITAN CHEMICALS CORP. BHD. | Stock Name | : | TITAN | Date Announced | : | 09/01/2008 |
The abbreviations used hereunder shall have the same meaning as those set out in the announcement dated 7 November 2007.
We refer to the announcements dated 7 November 2007, 7 December 2007and 13 December 2007 in relation to the Proposed Reverse Takeover.
On behalf of the Board, Aseambankers is pleased to announce that on 8January 2008, TICSB has purchased and been issued 4,036.55 million newordinary shares of Rp250 each in PT Fatrapolindo at an issue price ofRp345 each in cash pursuant to the rights issue of PT Fatrapolindo.
Based on the above, TICSB has become the major shareholder of PTFatrapolindo with 72.52% shareholding of the enlarged capital of PTFatrapolindo pursuant to the Proposed Subscription. Thus, PTFatrapolindo has become a subsidiary of Titan through TICSB. The rightsissue of PT Fatrapolindo will close on 25 January 2008 and subsequentannouncement shall be made on the eventual holdings of TICSB in PTFatrapolindo.
This announcement is dated 9 January 2008. |
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