TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Aikbee Resources Berhad (“ARB” or the “Company”)
(i) The Proposed Voluntary Withdrawal of ARB’s listing from the Official List of the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) pursuant to Paragraph 16.06 of the Main Market Listing Requirements of Bursa Securities (“Proposed Delisting”); and
(ii) The Proposed Exit Offer by Sit Seng & Sons Realty Sdn Bhd, Aikbee Timbers Sdn Bhd, Lim Yen Siew @ Tan Sit Seng, Yap Kin Thai, Yap Keat Choon, Tan Aik Hooi and Datuk Tan Aik Hong (collectively, the “Joint Offerors”) in conjunction with the Proposed Delisting for the remaining ordinary shares of RM1.00 each in ARB not already owned by the Joint Offerors (“Offer Shares”) (the “Offer”). |