Submitting Merchant Bank
:
MAYBANK INVESTMENT BANK BERHAD
Company Name
:
EP MANUFACTURING BHD
Stock Name
:
EPMB  
Date Announced
:
16/05/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
EP MANUFACTURING BHD ("EPMB" OR "COMPANY")

PROPOSED ACQUISITION BY EPMEX SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EPMB, OF THE BUSINESS OF MAJU EXPRESSWAY SDN BHD ("MESB") AND ENTIRE EQUITY INTEREST IN MESB FROM BRIGHT FOCUS BERHAD ("BRIGHT FOCUS") AND ULIMAS SDN BHD ("ULIMAS") FOR A PURCHASE CONSIDERATION OF RM1,150 MILLION ("PROPOSED ACQUISITION") TOGETHER WITH THE ISLAMIC MEDIUM TERM NOTES REDEMPTION OF NOMINAL VALUE AMOUNT OF RM550 MILLION

Announcement Details/Table Section :


We refer to the Company's announcements dated 16 March 2012 ("Announcement"), 20 March 2012, 3 April 2012, 24 April 2012, 27 April 2012, 30 April 2012, 15 May 2012, 8 June 2012, 14 June 2012, 25 June 2012 and 28 August 2012 in relation to the Proposed Acquisition.Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Announcement.


On behalf of the Board of Directors of EPMB ("Board"), Maybank Investment Bank Berhad and ZJ Advisory Sdn Bhd wish toannounce that EPMB, MESB and the Vendors (namely Bright Focus and Ulimas) had on 15 May 2013 agreed that the Acquisition Agreement be terminated and MESB shall refund the Security Deposit free from interest to EPMB.


EPMB shall withdraw all applications made to the relevant authorities in relation thereto.


The termination of the Acquisition Agreement will not have any material effect on the net assets per share and earnings per share of EPMB for the financial year ending 31 December 2013.

This announcement is dated 16May 2013.


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