Techbase In Take Over Bid For South Malaysia Industries
Techbase In Take Over Bid For South Malaysia Industries
Techbase announced that its subsidiaries Honsin Apparel Sdn Bhd and HiQ Media (Malaysia) Sdn Bhd had entered into a collaboration agreement with Target 1 Sdn Bhd to attain control of South Malaysia Industries Berhad, a company
listed on the Main Market of Bursa Malaysia Securities Berhad.
Techbase宣布其子公司Honsin Apparel Sdn Bhd和HiQ Media（马来西亚）Sdn Bhd已与Target 1 Sdn Bhd签订了合作协议，以获得South Malaysia Industries Berhad的控制权。
该公司已在马来西亚证券交易所主板上市。
The parties have also seek to include to vote as a group on a unanimous basis in respect of all matters relating to the Target Co, including any material issues and decisions in relation to the business of the Target Co and maintain consolidated control and management of the Target Co.
各方还寻求以团体一致的方式参与所有与Target Co相关的事宜，包括任何与Target Co业务有关的重大问题和决策，并保持对Target Co的统一控制和管理。
Upon the execution of the agreement, Honsin and HiQ will be classified a persons acting in concert with T1 and have collectively own more than 33% shares of the Target Co, thereby triggering the obligation to extend a mandatory general offer to acquire all the remaining Target Co's shares not already owned by the Parties as well as the other PAC of the Parties.
The parties view the collaboration agreement to not have any effect on the share capital and substantial shareholders' shareholdings of the company and have any material immediate effect on the earnings.
在执行协议后，Honsin和HiQ将被归类为与T1共同行动的人，并共同拥有Target Co超过33％的股份，从而触发了义务扩展强制性普通要约，以收购尚未被各方及其他共同行动方拥有的所有剩余Target Co的股份。
各方认为该合作协议不会对公司的股本和重要股东的股权产生任何影响，并且不会对收益产生任何立即的影响。
