| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 05 Nov 2012 |
| Category | : | General Meetings |
| Reference Number | : | MI-121105-61266 |
FAVELLE FAVCO BERHAD
|
Type of Meeting |
EGM |
|
Indicator |
Outcome of Meeting |
|
Date of Meeting |
05/11/2012 |
|
Time |
02:00 PM |
|
Venue |
Kayangan 5, Quality Hotel Shah Alam, Ground Floor, Plaza Perangsang, Persiaran Perbandaran, 40000 Shah Alam, Selangor Darul Ehsan, Malaysia |
|
Outcome of Meeting |
Proposed ACQUISITION by Favelle favco berhad (“FFB”) OF a crane fabrication yard comprising FREEHOLD industrial land, buildings and improvements, LOCATED AT NO. 28 YARRUNGA STREET, PRESTONS, NEW SOUTH WALES, 2170 AUSTRALIA WITH A TOTAL LAND AREA MEASURING APPROXIMATELY 11.6 ACRES from muhibbah engineering (M) bHD FOR A TOTAL purchase CONSIDERATION OF AUD15,000,000 (equivalent to RM48,091,500), to be satisfied via the issuance of 31,678,743 new ordinary shares OF rm0.50 each in ffb (“PRoposed ACQUISITION”)
We refer to the announcements dated 25 June 2012, 19 September 2012, 16 October 2012 and the notice of Extraordinary General Meeting (“EGM”) dated 17 October 2012 in relation to the Proposed Acquisition.
On behalf of the Board of Directors of FFB, Maybank Investment Bank Berhad wishes to announce that the shareholders of FFB have approved the ordinary resolution in relation to the Proposed Acquisition at the EGM held on 5 November 2012.
This announcement is dated 5 November 2012. |