The Board of Directors of the Company wishes to inform that the Company has on 30 November 2012 signed a fully underwritten financing commitment with Standard Chartered Bank Malaysia Berhad subject to the term and conditions as stipulated in the Term Sheet and Facilities Agreementto fund the purchase price for the proposed acquisition of 49% equity interest in Brahim’s-LSG Sky Chefs Holdings Sdn Bhd for a cash consideration of RM130 million (“Proposed BLH Acquisition”):

 

The financing will be structured as :

 

<!–[if !supportLists]–>(a) <!–[endif]–>Amortising Senior Secured Term Loan Facility of up to RM110 million; and

 

<!–[if !supportLists]–>(b) <!–[endif]–>Senior Secured Bridge Loan Facility of up to RM50 million.

 

(hereinafter referred to as “Facilities”)

 

The Facilities are for the purposes, in addition to the proposed BLH acquisition, are for refinancing of the existing indebtedness, general corporate purposes, payment of fees, costs and expenses incurred in connection with the Proposed BLH Acquisition and funding the Debt Service Reserve Account.

 

The Facilities will not have any significant effect on the earnings per share, net assets per share, share capital and substantial shareholders’ shareholding of the Company and its Group of Companies for the financial year ending 31 December 2012.

 

The effect on the gearing of Brahim’s Group, after drawing down the Facilities would be 1.11 times for the financial year ending 31 December 2012.

 

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Facilities.

 

The Board of Directors of the Company does not envisage any specific risk to be associated with the acceptance of the Facilities, apart for the finance costs.

 

The Board of Directors of the Company is of the opinion that the Facilities are in the best interest of Brahims’ Group.

 

Please refer to the attached media release.

 

This announcement is dated 30 November 2012.

Further to the Company’s announcement made on 17 August 2012, the Board of Directors of the Company wish to announce that to-date there is no further material development on the above matter.This announcement is dated 21 November 2012.

Further to the Company’s announcement made on 17 August 2012, the Board of Directors of the Company wish to announce that to-date there is no further material development since the signing of the above MOU dated 13 May 2008.
This announcement is dated 21 November 2012.

Further to the Company’s announcement made on 8 August 2012, the Board of Directors of the Company wishes to announce that there is no further material development with TRR since the signing of the above MOU dated 8 February 2012.

We refer to the following in relation to the Proposed BLH Acquisition:

 

 

(a) announcement dated 21 May 2012 (“Announcement”);

 

(b) circular to shareholders dated 30 July 2012; and

 

(c) announcement dated 6 September 2012 in respect of the outcome of the meeting for the extraordinary general meeting.

 

Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Announcement.

 

 

On behalf of the Board, HwangDBS wishes to announce that BHB and the Vendor have, via an exchange letter dated 18 October 2012 which was accepted by the Vendor on 25 October 2012, mutually agreed that the Completion Date be extended up to 19 December 2012.

 

 

This announcement is dated 25 October 2012.

Kindly refer to the attached Media Statement dated 10 October 2012 for further information.