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Take-Overs & Mergers (Paragraph/Rule 9.19 (47A))

BackAug 21, 2025

 

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description INDEPENDENT ADVICE CIRCULAR IN RELATION TO THE CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY MAGNI VANTAGE LIMITED ("OFFEROR") THROUGH UOB KAY HIAN (M) SDN BHD (FORMERLY KNOWN AS UOB KAY HIAN SECURITIES (M) SDN BHD) TO ACQUIRE ALL THE 83,882,800 ORDINARY SHARES IN FACB INDUSTRIES INCORPORATED BERHAD NOT ALREADY HELD BY THE OFFEROR AND CHEN YIY FON ("ULTIMATE OFFEROR") ("OFFER SHARE(S)") FOR A CASH OFFER PRICE OF RM1.60 PER OFFER SHARE

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those defined in the IAC dated 21 August 2025 in relation to the Offer.)

 

Reference is made to the IAC dated 21 August 2025 in relation to the Offer. Please refer to the earlier announcement reference number: DCS-21082025-00012.

 

We wish to inform the Holders that there was an omission of a date reference on page 12 of the IAC, as extracted below:

 

“Pursuant to subparagraph 11.04(2) of the Rules, the SC had vide its letter dated [date], given its notification that it has no further comments on the contents of this IAC and such notification shall not be taken to suggest that the SC agrees with the recommendation contained herein or assumes responsibility for the correctness of any statements made or opinions expressed or reports presented in this IAC.”

 

The omitted date is 20 August 2025, and the corrected paragraph should read as follows:

 

“Pursuant to subparagraph 11.04(2) of the Rules, the SC had vide its letter dated 20 August 2025, given its notification that it has no further comments on the contents of this IAC and such notification shall not be taken to suggest that the SC agrees with the recommendation contained herein or assumes responsibility for the correctness of any statements made or opinions expressed or reports presented in this IAC.”

 

Save for the above, all other information in the IAC remains unchanged. The omission is clerical in nature and not a material omission and does not affect the Independent Adviser’s view or recommendation.

 

This announcement is dated 21 August 2025.

 


Announcement Info

Company Name FACB INDUSTRIES INCORPORATED BERHAD
Stock Name FACBIND
Date Announced 21 Aug 2025
Category General Announcement for PLC
Reference Number GA1-21082025-00063

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