We refer to the announcements dated 20 June 2014, 4
July 2014, 15 September 2014 and 10 October 2014 in relation to the Proposed
Disposal (“Announcements”).
Unless
otherwise stated, words and expressions used in this announcement shall have
the same meaning as those attributed to them in the Announcements.
As one of the Conditions Precedent, SHB is to
procure the approval from the present holders of Sukuk Mudharabah (“Sukuk
Holders”) for the Proposed Disposal and the release of SHB’s obligation under
the corporate guarantee pursuant to the Sukuk Mudharabah.
On behalf of the Board of Directors of SHB, Affin
Hwang Investment Bank Berhad (formerly
known as HwangDBS Investment Bank Berhad) wishes to announce that the Sukuk
Holders had at the Extraordinary Meeting held today approved the resolutions in
relation to the Proposed Disposal and the release of SHB’s obligation under the
corporate guarantee pursuant to the Sukuk Mudharabah.
This announcement is dated 14 November 2014.