The board of directors of Yi-Lai wishes to announce that the Company has today received a notice of conditional mandatory take-over offer (“Notice”) from Hong Leong Investment Bank Berhad, on behalf of Boundless Vigour Sdn Bhd (the “Offeror”), to acquire all the remaining ordinary shares in Yi-Lai (“Shares”) (excluding treasury shares) not already owned by the Offeror, the ultimate offerors and the persons acting in concert with them (“Offer Shares”) for a cash consideration of RM0.785 for each Offer Share.
Please refer to the attachment for a copy of the Notice. The Notice will also be posted to the shareholders of the Company within 7 days of its receipt.
This announcement is dated 5 October 2017.
Liang Chai: 被收购了？