TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
| GHL SYSTEMS BERHAD |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) |
| Description | GHL Systems Berhad ("GHL" or the "Offeree")
Unconditional mandatory take-over offer by NTT DATA Japan Corporation ("Offeror") through CIMB Investment Bank Berhad to acquire all the remaining ordinary shares in GHL not already held by the Offeror ("Offer Shares") for a cash consideration of RM1.08 per Offer Share ("Offer") |
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Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the offer document in relation to the Offer dated 18 June 2024 (“Offer Document”). Reference is made to the Offer Document which sets out the details, terms and conditions of the Offer. The Board of Directors of GHL wishes to announce that GHL has on 4 July 2024, received the press notice from CIMB, on behalf of the Offeror (“Press Notice”), that based on the level of acceptances of the Offer as at 5:00 p.m. (Malaysian time) on 4 July 2024, the Offeror holds 92.71% of the Shares as a result of the Offer. The Offeror does not intend to maintain the listing status of GHL on the Main Market of Bursa Securities. In view of this, Bursa Securities will suspend the trading of the Shares immediately upon the expiry of 5 Market Days from the Closing Date. Thereafter, the Offeror will procure GHL to take the requisite steps to withdraw its listing status from the Official List in accordance with paragraph 16.07 of the Listing Requirements. The Offer will remain open for acceptances until 5:00 p.m. (Malaysian time) on Tuesday, 9 July 2024, being the Closing Date, unless extended in accordance with the Rules and the terms and conditions of the Offer Document, as the Offeror may decide and as may be announced by CIMB on behalf of the Offeror, at least 2 days before the Closing Date. Please refer to the attached Press Notice for further details. This announcement is dated 4 July 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | GHL SYSTEMS BERHAD |
| Stock Name | GHLSYS |
| Date Announced | 04 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03072024-00069 |