General Announcement
Reference No MM-041228-59770

Submitting Merchant Bank
:
RHB SAKURA MERCHANT BANKERS BERHAD  
Company Name
:
TEXCHEM RESOURCES BERHAD  
Stock Name
:
TEXCHEM  
Date Announced
:
28/12/2004  

Type:Announcement
Subject:TEXCHEM RESOURCES BHD ("TRB" OR THE "COMPANY")

Proposed acquisition from Texchem Corporation Sdn Bhd of the following:

(i) 51% equity interest in Eye Graphic Sdn Bhd for a total cash consideration of RM3.274 million by TRB ("Proposed Acquisition of EGSB");

(ii) 51% equity interest in Sanko Kasei (M) Sdn Bhd for a total cash consideration of RM7.214 million by TRB ("Proposed Acquisition of SKSB"); and

(iii) 100% equity interest in Texchem Malaysia Sdn Berhad ("TMSB") by Texchem Materials Sdn Bhd, a wholly-owned subsidiary of TRB ("Proposed Acquisition of TMSB").

(collectively referred to as the "Proposed Acquisitions")

Contents :

Further to the announcements made on 11 October 2004, 26 November 2004 and 13 December 2004 in respect of the Proposed Acquisitions, the Board of Directors of TRB is pleased to announce that the Company has today, received the approval of the Ministry of International Trade and Industry vide its letters dated 20 December 2004 and 24 December 2004 for the Proposed Acquisition of TMSB and Proposed Acquisition of SKSB respectively.

This announcement is dated 28 December 2004.




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