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MALAYSIAN NATIONAL REINSURANCE BERHAD ("MNRB" or "the Company") Proposed Transfer Of Malaysian National Reinsurance Berhad’s Reinsurance License, Reinsurance Business And Net Assets Of Reinsurance Business As A Going Concern To The Proposed Newco, A Wholly-Owned Subsidiary Of Malaysian National Reinsurance Berhad, For A Total Purchase Consideration Of RM400,000,000 To Be Satisfied By The Issuance Of 380,000,000 New Ordinary Shares Of RM1.00 Each At An Issue Price Of RM1.00 Per New Ordinary Share In The Proposed Newco And The Remaining RM20,000,000 As Amount Owing By The Proposed Newco To Malaysian National Reinsurance Berhad ("Proposed Transfer")

MALAYSIAN NATIONAL REINSURANCE BERHAD

Type

Announcement
SubjectMALAYSIAN NATIONAL REINSURANCE BERHAD ("MNRB" or "the Company")

Proposed Transfer Of Malaysian National Reinsurance Berhad’s Reinsurance License, Reinsurance Business And Net Assets Of Reinsurance Business As A Going Concern To The Proposed Newco, A Wholly-Owned Subsidiary Of Malaysian National Reinsurance Berhad, For A Total Purchase Consideration Of RM400,000,000 To Be Satisfied By The Issuance Of 380,000,000 New Ordinary Shares Of RM1.00 Each At An Issue Price Of RM1.00 Per New Ordinary Share In The Proposed Newco And The Remaining RM20,000,000 As Amount Owing By The Proposed Newco To Malaysian National Reinsurance Berhad ("Proposed Transfer")

Contents :

Further to the announcements dated 22 August 2003, 25 March 2004, 10 September 2004, 20 October 2004, 21 October 2004, 31 January 2005, 22 February 2005, 22 March 2005 and 31 March 2005, Aseambankers Malaysia Berhad on behalf of the Company is pleased to announce that the Proposed Transfer has been completed.


This announcement is dated 6 April 2005.



Announcement Info

Company NameMALAYSIAN NATIONAL REINSURANCE BERHAD  
Stock Name MNRB    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoCU-050405-52044

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