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On 19 June 2003, Commerce International Merchant Bankers Berhad ("CIMB") announced on behalf of TESB and Telekom that the total valid acceptances received by TESB under the Offer had exceeded nine-tenths of the nominal value of the Offer Shares (other than the ordinary shares of RM1.00 each in Celcom ("Celcom Shares") already held by TESB or by a nominee for TESB or for a related corporation of TESB as at the date of the Offer Document on 23 May 2003). It was also announced that TESB will invoke the provisions of Section 34 of the Securities Commission Act, 1993 (“SCA”) to compulsorily acquire the remaining Offer Shares for which acceptances have not been received, within two (2) months from 19 June 2003, being the date TESB had received valid acceptances that had exceeded nine-tenths of the nominal value of the Offer Shares.
In this regard, on behalf of TESB and Telekom, CIMB is pleased to announce that TESB has today despatched the Notice to the dissenting shareholders of Celcom ("Notice") stating TESB’s desire to acquire the Celcom Shares held by the dissenting shareholders upon the same terms with the Offer together with a statutory declaration confirming that the conditions for the sending of the Notice in accordance with the provisions of Section 34 of the SCA have been satisfied.
This announcement is dated 1 August 2003.
Announcement Info
| Company Name |
TELEKOM MALAYSIA BERHAD |
| Stock Name |
TELEKOM |
| Date Announced |
1 Aug 2003 |
| Category |
General Announcement |
| Reference No |
MM-030801-55023 |