Please refer to the announcement make by KUMPULAN PERANGSANG SELANGOR BERHAD (“KPSB” or the “COMPANY”), which is immediate holding company of kumpulan Hartatanh Selangor (KHSB).
Reference is made to the announcement dated 14 February 2013 in respect of the receipt by the Company of an offer letter dated 14 February 2013 from its holding company, KDEB to acquire 254,562,576 ordinary shares of RM1.00 each in KHSB, representing 56.57% of the issued and paid-up share capital of KHSB, held by KPSB for a purchase consideration of RM193,467,557.76 or RM0.76 per share which is to be satisfied in cash (“Offer”).
On behalf of the Board of Directors of KPSB (“Board”), AFFIN Investment Bank Berhad wishes to announce that the Board had deliberated on the terms of the Offer and has decided to accept the same subject to KPSB and KDEB entering into a definitive share purchase agreement. The details of the terms and conditions of the share purchase agreement will be announced once the same has been executed between the transacting parties in due course.
This announcement is dated 28 February 2013.
February 28, 2013 at 6:16:00 PM GMT+08:00