[FAVCO]: FAVELLE FAVCO BHD

19-Nov-2012

20-Nov-2012

No

Acquisitions

Proposed Acquisition by Favelle Favco Berhad (“FFB”) of a Crane Fabrication Yard Comprising Freehold Industrial Land, Buildings and Improvements, Located at No. 28 Yarrunga Street, Prestons, New South Wales, 2170 Australia with a Total Land Area Measuring Approximately 11.6 Acres from Muhibbah Engineering (M) Bhd (“MEB”) for a Total Purchase Consideration of AUD15,000,000 (Equivalent to RM48,091,500), to be Satisfied via the Issuance of 31,678,743 New Ordinary Shares of RM0.50 Each in FFB (“FFB Shares”) (“Proposed Acquisition”)

31,678,743

MYR 1.518

MYR 0.500

211,967,763