(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the Company's announcement dated 20 May 2026 in relation to the Press Notice, where applicable, unless stated otherwise or defined herein.)
Reference is made to the Company's announcement dated 20 May 2026 in relation to the Press Notice.
The Board wishes to announce that it has received a second press notice dated 28 May 2026 from Maybank Investment Bank Berhad, on behalf of the Board of Directors of BKB ("2nd Press Notice"), informing that the parties have, via letters of agreement dated 28 May 2026 ("Letters of Agreement"), agreed on the following:
(i) in respect of the MKH Acquisition, the completion of the sale and purchase of 170,444,796 MKH Shares shall be effected by way of direct business transaction ("DBT") in two (2) tranches as follows:
(a) 148,744,796 MKH Shares ("1st Tranche MKH Shares"); and
(b) 21,700,000 MKH Shares ("2nd Tranche MKH Shares"); and
(ii) in respect of the MKHOP Acquisition 1 and the MKHOP Acquisition 2, the cash consideration has been revised from RM0.6478 per MKHOP Share to RM0.648 per MKHOP Share in order to comply with the Rules of Bursa Securities governing DBTs.
The 1st Tranche MKH Shares has been effected today by way of DBT for a total consideration of RM297,489,592 or RM2.00 per MKH Share whereas the 2nd Tranche MKH Shares will be effected by way of DBT within 30 days from the date of the SSA, in accordance with the terms of the SSA and the corresponding Letter of Agreement.
In addition, the MKHOP Acquisition 1 and the MKHOP Acquisition 2 have also been effected today by way of DBT in accordance with the terms of the SSAs and the Letters of Agreement for a total consideration of RM25,371,451.15 or RM0.648 per MKHOP Share.
Please refer to the 2nd Press Notice attached herewith for further details.
This Announcement is dated 28 May 2026.