TEO SENG CAPITAL BERHAD

frhf/8.
The Offer Price represents a premiumto the following market prices of TSCB Shares,
as traded on the Main Market of Bursa Malaysia Securities Berhad ("Bursa
Securities").
Share Price
Premium
RM RM %
Up to 18 January 2012, being the last
traded day before the date of the
Notice
Last traded market price
0.61
0.04
6.56
Five (S)-day MiVAMP
0.59
0.06
10.17
One (1)-month\ /VAMP
0.54
0.11
20.37
Three (3)-month \ ruAMP
0.53
0.12
22.64
Six (6)-month\AIVAMP
0.52
0.13
25.00
(Source: Bloomberg)
(v)
The Offer Price also represents:
(a)
(b)
(c)
A priceto-earnings multiple of 5.88 times based on the audited consolidated
basic earning-per-share of TSCB for the financial year ended ("FYE") 31 March
2011 of 11.05 sen;
A price-to-book multiple of 1.31 times based on the audited consolidated net
asset per TSCB Share as at 31 March 2011 of 49.79 sen; and
An enterprise value over earnings before interest, tax, depreciation and
amortisation multiple of 4.47 times based on the audited consolidated
accounts of TSCB for the FYE 31 March 2011.
3. BACKGROUND INFORMATION ON THE OFFEROR AND PACS
3.1 Offeror
EGSB is a special purpose private limited company incorporated
Malaysia under the
Companies Act, 1965 ("Act") on 31 May 2010. lt is principally involved in investment
holding.
The substantial shareholders of EGSB as at 23 December 2011. being the latest
practicable date before the date of this Notice ("LPD") are as follows:
Substantial shareholders
Dato' Lau Bong Wong*
Dato'Lau Eng Gyang*
Tan Sri Lau Tuang Nguang*
Lau Chia Nguang
Direct
Indirect
No. of
No. of
shares % shares %
15 25.00
15 25.00
15 25.00
15 25.00
Note:
* Directors of EGSB
wrruw.rhb.lnm. rY'lV