Submitting Merchant Bank
:
TA SECURITIES HOLDINGS BERHAD
Company Name
:
JAKS RESOURCES BERHAD
Stock Name
:
JAKS  
Date Announced
:
29/03/2013


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

Description
:
JAKS RESOURCES BERHAD ("JRB" OR THE "COMPANY")

PROPOSED ACQUISITION BY HARBOUR TOWN SDN BHD ("HARBOUR TOWN"), A WHOLLY-OWNED SUBSIDIARY OF JRB, OF 51% EQUITY INTEREST IN MNH GLOBAL ASSETS MANAGEMENT SDN BHD ("MNH") FROM ISLAND CIRCLE DEVELOPMENT (M) SDN BHD ("ISLAND CIRCLE") FOR A CASH CONSIDERATION OF RM93,200,000 ("PROPOSED ACQUISITION")

Attachments
:
JAKS - Announcement 29.3.13.pdf

Announcement Details/Table Section :


On behalf of the Board of Directors ("Board") of JRB, TA Securities Holdings Berhad wishes to announce that, on 29 March 2013, Harbour Town, a wholly-owned subsidiary of JRB has entered into a conditional share sale and purchase agreement ("SSA") with Island Circle to acquire 51% equity interest in MNH for a total cash consideration of RM93,200,000.

Please refer to the attachment for further details on the Proposed Acquisition.

This announcement is dated 29 March 2013.

© 2013, Bursa Malaysia Berhad. All Rights Reserved.


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