May 8, 2012
On behalf of Hitachi to acquire all the ordinary shares of RM0.10 each in eBworx Berhad (excluding treasury shares) for a cash offer price of RM0.90 per offer share. Received valid acceptance of offer representing 90.15% of eBworx's issued and paid up share capital as of 5.00pm (Malaysian time), 8th May 2012.
Kuala Lumpur, 8 May 2012 - Regional financial solutions specialist, eBworx Berhad has received a conditional takeover offer by Maybank Investment Bank on behalf of Hitachi to acquire all the ordinary shares of eBworx for a cash offer price of RM0.90 per offer share.
In a statement issued yesterday by Maybank IB, Hitachi has received valid acceptances of the Offer in respect of 174,202,970 eBworx Shares, representing 90.15% of eBworx' issued and paid-up share capital resulting in Hitachi holding not less than 85% of the voting shares of eBworx. Accordingly, the Offer has become wholly unconditional. The public shareholding spread remains at 9.85%. The offer shall remain open for acceptance until 22 May 2012.
Pursuant to Listing Requirements, Hitachi holds more than 90% of the listed shares of eBworx and is of the view that they do not intend to maintain the listing status of eBworx. eBworx shares will be suspended from trading today pending its removal from the official list of Bursa Malaysia Securities Berhad.
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