[FAVCO]: FAVELLE FAVCO BHD

16-Oct-2012

EGM

05-Nov-2012 14:00

29-Oct-2012

Kayangan 5, Quality Hotel Shah Alam, Ground Floor, Plaza Perangsang, Persiaran Perbandaran, 40000 Shah Alam, Selangor Darul Ehsan, Malaysia

On behalf of the Board of Directors of Favelle Favco Berhad (“FFB”), Maybank Investment Bank Berhad wishes to announce that an Extraordinary General Meeting of FFB (“EGM”) will be held at Kayangan 5, Quality Hotel Shah Alam, Ground Floor, Plaza Perangsang, Persiaran Perbandaran, 40000 Shah Alam, Selangor Darul Ehsan, Malaysia on Monday, 5 November 2012 at 2.00 p.m or any adjournment thereof, for the purpose of considering and, if thought fit, passing with or without modifications the Ordinary Resolution as set out in the notice of EGM dated 17 October 2012, as attached herewith.
Notice of EGM.pdf
Notice of EGM.pdf

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 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 (“PRoposed ACQUISITION”)

We refer to the announcements dated 25 June 2012, 19 September 2012, 16 October 2012 and the notice of Extraordinary General Meeting (“EGM”) dated 17 October 2012 in relation to the Proposed Acquisition.

On behalf of the Board of Directors of FFB, Maybank Investment Bank Berhad wishes to announce that the shareholders of FFB have approved the ordinary resolution in relation to the Proposed Acquisition at the EGM held on 5 November 2012.

This announcement is dated 5 November 2012.

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