Naim Cendera Holdings Berhad ("Naim" Or "Company") Proposed Acquisitions Of 45% Equity Interests In Dayang Enterprise Sdn Bhd ("Desb"), Desb Marine Services Sdn Bhd ("Dmssb") ("Proposed Acquisitions Of Desb And Dmssb") And Fortune Triumph Sdn Bhd For An Aggregate Cash Consideration Of Rm87,750,000 ("Proposed Acquisitions")

BackAug 14, 2007
We refer to the Company's announcement dated 24 May 2007 in relation to the Proposed Acquisitions.

On behalf of the Board of Directors of the Company ("Board"), AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad), a member of the AmInvestment Bank Group ("AmInvestment Bank") is pleased to announce that the Securities Commission ("SC") had via its letter dated 13 August 2007 (which was received today) approved the following:-

(a) Proposed Acquisitions under the Guidelines of Acquisition of Interests , Mergers and Takeovers by Local and Foreign Interest; and

(b) Proposed exemption under Practice Note 2.9.6 of the Malaysian Code on Take-Overs and Mergers, 1998 from the mandatory offer obligation for the remaining voting shares in DESB and DMSSB not owned by the Company upon completion of the Proposed Acquisitions of DESB and DMSSB.

AmInvestment Bank/the Company is to inform SC upon completion of the Proposed Acquisitions.

This announcement is dated 14 August 2007.