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宣佈其子公司Honsin Apparel Sdn Bhd和HiQ Media（馬來西亞）Sdn Bhd已與Target 1 Sdn Bhd簽訂了合作協議，以獲得South Malaysia Industries Berhad的控制權。
該公司已在馬來西亞證券交易所主板上市。
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.
各方還尋求以團體一致的方式參與所有與Target Co相關的事宜，包括任何與Target Co業務有關的重大問題和決策，並保持對Target Co的統一控制和管理。
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.
在執行協議後，Honsin和HiQ將被歸類爲與T1共同行動的人，並共同擁有Target Co超過33％的股份，從而觸發了義務擴展強制性普通要約，以收購尚未被各方及其他共同行動方擁有的所有剩餘Target Co的股份。
各方認爲該合作協議不會對公司的股本和重要股東的股權產生任何影響，並且不會對收益產生任何立即的影響。
