to download - Boustead Holdings Berhad

SUBSEQUENT EVENT
(i) The Company and its wholly owned Subsidiary, Boustead Mint Sdn Bhd (BMint) had on 4 February 2005
entered into a conditional Share Sale Agreement with BP Asia Pacific Pte Limited to acquire 70% of the
issued and paid-up share capital of BP Malaysia Sdn Bhd (BPM) comprising 58,310,000 ordinary shares
of RM1.00 each for a cash consideration of USD120 million, subject to adjustments to the working capital
of BPM upon completion; and
(ii) the Company, BMint and Tegas Pertini Sdn Bhd (TPSB) had on 4 February 2005 entered into a conditional
agreement for the subscription of new ordinary shares of RM1.00 each at par for cash representing 43%
of the enlarged issued and paid-up share capital in BMint by TPSB, pursuant to the Proposed BMint
Subscription.
The proposed acquisition of BPM is subject to approvals from the Foreign Investment Committee, the Ministry
of Domestic Trade and Consumer Affairs and the shareholders of Boustead Holdings Berhad. If all or any of
the approvals set out above are not obtained by 31 December 2005, the Share Sale Agreement shall
terminate. The Proposed BMint Subscription would be conditional upon completion of the Share Sale
Agreement and the approval of all relevant authorities.
AUDITORS
The auditors, Ernst & Young, have expressed their willingness to continue in office.
Signed on behalf of the Board in accordance with a resolution of the Directors.
GEN. (R) TAN SRI DATO’ MOHD GHAZALI HJ. CHE MAT
Kuala Lumpur
24 February 2005 TAN SRI DATO’ LODIN WOK KAMARUDDIN
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