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UOB-Kay Hian Holdings Ltd Announces Completion Of Acquisition Of A. A. Anthony Securities Sdn Bhd

Friday, 18 Jan 2013 04:56am EST 

UOB-Kay Hian Holdings Ltd announced that with reference to the announcement made earlier, regarding the proposed acquisition of 15,000,000 ordinary shares of RM1.00 each in A. A. Anthony Securities Sdn Bhd (AAA) representing the entire issued and fully paid up capital of AAA by the Company. The now announced that having obtained the necessary regulatory authorities approvals, the Company has completed the acquisition of AAA on January 16, 2013 in accordance with the Share Purchase Agreement. The provisional consideration of RM123,573,508.23 (equivalent to approximately SGD49.83 million) was based on the adjusted unaudited net asset value of RM108,573,508.23 (equivalent to approx SGD43.78 million) as at December 31, 2012, after taking into account various excluded assets held for the benefit of the vendor, plus a premium of RM15,000,000.00 (equivalent to approx SGD6.05 million). 

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11 Jul 2014