175,500,000 Ordinary Shares of RM0.50 each of Esso Malaysia Berhad representing 65% of the voting shares in Esso Malaysia Berhad.
Shares
175,500,000 ordinary shares of RM0.50 each in Esso Malaysia Berhad representing 65% of the voting shares in Esso Malaysia Berhad.
Reason
Completion of the sale and purchase agreement ("EMB SPA") between ExxonMobil International Holdings Inc. ("EMIHI")and San Miguel Corporation ("SMC") dated August 17, 2011 by which SMC or its nominated affiliate will acquire EMIHI's entire shareholding in Esso Malaysia Berhad of 175,500,000 Ordinary Shares of RM0.50 each of Esso Malaysia Berhad representing 65% of the voting shares in Esso Malaysia Berhad.
The EMB SPA was completed on March 30, 2012 between EMIHI and SMC's nominated affiliate Petron Oil & Gas International Sdn Bhd ("POGI").