BOARD OF DIRECTORS
Chairman/Independent Non-Executive Director
1)Dato’ Syed Ariff Fadzillah Bin Syed Awalluddin
Chief Executive Officer
2)Dato’ Sri Yeoh Choon San
Podium Success Sdn Bhd 47,191,700 5.84%股份
Non-Independent Non-Executive Director
3)Dato’ Lee Kok Chuan
Independent Non-Executive Directors
4)Dato’ Abdul Manap Bin Abd Wahab
5)Loh Chen Peng
As an integral part of the proposed listing, BAuto proposed on Feb 26 to acquire the whole equity interest in Bermaz from six entities, comprising 80 million shares of RM1 for a total purchase consideration of RM503.99 million.
The six entities are BCorp, Podium Success Sdn Bhd, Tunku Aminah Tunku Ibrahim Ismail, BHJ Marketing Sdn Bhd, Konsep Aktif Sdn Bhd and Terrific Dynamics Sdn Bhd.
The payment for the acquisition will be satisfied via the issuance of 719.99 million new shares of 50 sen each in BAuto at an issue price of 70 sen per BAuto share.
“The proposals are expected to unlock shareholders’ value in BAuto. It will also provide a transparent valuation benchmark for the Mazda automotive business of BCorp.
“With the listing, BAuto will have direct access to the equity capital market which will enable it to have greater capital management flexibility. It will also enhance the BAuto group’s corporate stature,” it said in the earlier filing to Bursa Malaysia.