MARYBOROUGH SUGAR FACTORY LIMITED 
By
9 January 2012
MITR PHOL RECEIVES BANK OF THAILAND APPROVAL
Mitr Phol Sugar Corp., Ltd (Mitr Phol) announces that it has
now received approval from the Bank of Thailand for it to
remit foreign currency to pay the consideration under the
off-market takeover offer (Offer) for MSF Sugar Limited (MSF)
by Mitr Phol's wholly owned subsidiary Mitr Siam
International Pte. Ltd (Mitr Siam).
Accordingly Mitr Phol has elected to waive the Other
Regulatory Approval defeating condition in its Offer under
section 650F of the Corporations Act 2001.
Mitr Phol's election to waive this condition comes in
addition to the receipt of Australian Foreign
Investment Review Board approval for the Offer as notified to
the market on 16 December 2011.
The Offer is scheduled to close at 7.00pm (Sydney time) on 10
February 2012.
MSF shareholders seeking further information regarding the
Offer should contact Mitr Phol's Offer Information Line on
1800 622 202 (toll free for callers within Australia) or +61
2 8280 7694 (for callers outside Australia).
About Mitr Phol
Mitr Phol is one of the world's largest sugar producers, with
a history dating back over 70 years starting as a grower.
Presently, Mitr Phol is the largest sugar producer in Asia,
with operations in Thailand, China, and ASEAN. In terms of
sugar production, Mitr Phol ranked first in Thailand and
second in China with an estimated market share of 19% and
10%, respectively.
Mitr Phol is a fully integrated sugar business that produces
various types of sugar, biomass power, ethanol, particle
board and fertilizer. Current annual sugar production
capacity for Thailand and China is approximately 1.8 million
tonnes and 1.2 million tonnes, respectively.
Mitr Phol currently has voting power of 24.77% in MSF's
issued shares.
In relation to the offer (Offer) under the Bidder's
Statement dated 2 December 2011 (Bidder's
Statement) by Mitr Siam International Pte. Ltd (Mitr Siam),
Mitr Siam gives notice that:
(a) it declares the Offer and any takeover contract arising
from acceptance of the Offer free from the condition set out
in paragraph (c) of Annexure 2 of the Bidder's
Statement, being the condition in relation to the obtainment
of all required Regulatory Approvals (including the approval
of the Bank of Thailand in respect of the Offer and its
financing); and
(b) as at the date of this notice, Mitr Siam has voting power
in MSF of 24.77%.
Unless the context requires otherwise, defined terms in this
notice have the same meaning as in the
Bidder's Statement.
This notice is dated 9 January 2012.
Signed for and on behalf of Mitr Siam
Krisda Monthienvichienchai
Director
Mitr Siam International Pte. Ltd
1526157-v1SYDDMSAUSCCG 1
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| Documents associés | |
| Mitr Phol offer - Waiver of regulatory approval condition |
