INDEPENDENT ADVICE CIRCULAR TO THE HOLDERS IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY HEXTAR RUBBER SDN BHD (FORMERLY KNOWN AS ERPSTAR INC. SDN BHD) AND DATO’ ONG CHOO MENG (COLLECTIVELY REFERRED TO AS THE “JOINT OFFERORS”) THROUGH M & A SECURITIES SDN BHD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN RUBBEREX CORPORATION (M) BERHAD WHICH ARE NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARES”) FOR A CASH OFFER PRICE OF RM1.80 PER OFFER SHARE (“OFFER PRICE”) (“OFFER”)
July 23, 2020UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY HEXTAR RUBBER SDN BHD (FORMERLY KNOWN AS ERPSTAR INC. SDN BHD) AND DATO’ ONG CHOO MENG (COLLECTIVELY, THE “JOINT OFFERORS”) TO ACQUIRE ALL THE REMAINING 138,209,595 ORDINARY SHARES IN RUBBEREX CORPORATION (M) BERHAD (“RUBBEREX”) (“OFFER SHARES”), REPRESENTING 49.82% EQUITY INTEREST IN RUBBEREX NOT ALREADY OWNED BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM1.80 PER OFFER SHARE (“OFFER”)
July 13, 2020