News
Proposed transfer of 100% equity interest in Bursa Malaysia Derivatives Clearing Berhad ("Bursa Derivatives Clearing") from Bursa Malaysia Securities Clearing Sdn. Bhd. ("Bursa Securities Clearing") ("Proposed Transfer")
BackSep 14, 2006
| General Announcement Reference No BM-060914-58229 |
| Company Name | : | BURSA MALAYSIA BERHAD |
| Stock Name | : | BURSA |
| Date Announced | : | 14/09/2006 |
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| Type | : | Announcement |
| Subject | : | Proposed transfer of 100% equity interest in Bursa Malaysia Derivatives Clearing Berhad ("Bursa Derivatives Clearing") from Bursa Malaysia Securities Clearing Sdn. Bhd. ("Bursa Securities Clearing") ("Proposed Transfer") |
Contents :
Further to the announcement made on 11 August 2006, Bursa Malaysia Berhad ("Bursa") is pleased to announce that Foreign Investment Committee has granted its approval for the acquisition by Bursa of 20,000,000 ordinary shares of RM1.00 each representing 100% equity interest in Bursa Derivatives Clearing ("Sale Shares") from its wholly-owned subsidiary, Bursa Securities Clearing for a total cash consideration of RM1.00 as set out in the Sale and Purchase Agreement dated 11 August 2006. As at the date hereof, the Proposed Transfer of the Sale Shares is pending approval of the Minister of Finance.
This announcement is dated 14 September 2006.