OSKPROP - OTHERS Articles respectively entitled : “PJD, OSK Property will merge soon”, “PJD-OSK Property merger ‘quite soon’” and “PJDH, OSK Property plan to ‘synergise’”
Company Name | OSK PROPERTY HOLDINGS BERHAD |
Stock Name | OSKPROP |
Date Announced | 10 Oct 2014 |
Category | General Announcement |
Reference No | CS-141010-62293 |
Type | Announcement |
Subject | OTHERS |
Description | Articles respectively entitled : “PJD, OSK Property will merge soon”, “PJD-OSK Property merger ‘quite soon’” and “PJDH, OSK Property plan to ‘synergise’” |
We refer to the following news articles all published on 1. “PJD, OSK Property will merge soon” appearing in The Edge Financial Daily; 2. “PJD-OSK Property merger ‘quite soon’” appearing in The Starbiz; and 3. “PJDH, OSK Property plan to ‘synergise’” appearing in The Malaysian Reserve, and in particular the following sentences as stated therein: i) “A merger and consolidation exercise between PJ Development Holdings Bhd (PJD) and OSK Property Holdings Bhd is expected to materialize soon” in The Starbiz; ii) “PJ Development Holdings Bhd (PJDH) and OSK Property Holdings Bhd will “synergise” into a single entity to become a first-tier property developer in
We wish to confirm that the Company is presently negotiating for a possible merger and consolidation exercise involving PJ Development Holdings Berhad. However, the structure has not been finalized and no definitive agreement has been executed as at to-date. An announcement will be made in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad once the definitive agreement is executed by the Company. This announcement is dated |