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PROPOSED ACQUISITION OF 51% SHARES IN CONTRAVES ADVANCED DEVICES SDN BHD (”CAD”) BY BHIC DEFENCE TECHNOLOGIES SDN BHD (”BHIC-DT” OR “Purchaser”), A WHOLLY-OWNED SUBSIDIARY OF BHIC (”Proposed Acquisition”)
Further to the announcements dated 7 June 2010 and 9 June 2010, we set out below the additional information requested for public release:
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Information Requested |
Our Response |
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1
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Whether the Vendor’s Turnover Commitment is for the purchase by Rheinmentall Air Defence AG Group from Contraves Advanced Devices Sdn Bhd (”CAD”) |
CAD will obtain Euro Twenty Million (EUR 20,000,000.00) worth of revenue from Rheinmentall Air Defence AG and its group of companies over a period of five (5) years commencing from 1 January 2011. |
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2
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Whether the proposed acquisition is subject to the Company’s shareholders’ approval and other relevent government authorities. |
The proposed acquisition is not subject to the approval of the shareholders of BHIC or any relevent government authorities. |
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