Announcement Details :
We refer to our announcement dated 25 June 2008 and the Circular to Shareholders of TMI dated 17 July 2008.
On behalf of TMI, CIMB Investment Bank Berhad is pleased to announce the following:
(i) Bank Negara Malaysia ("BNM") had, through its letter dated 25 July 2008, approved, amongst others, the payment to be made by TMI group for the Proposed Subscription and Proposed Offer. BNM's approval is subject to, amongst others, the following:
(a) if TMI does not make any payment within 12 months from the date of BNM's approval letter, BNM's approval is deemed cancelled; and
(b) if TMI enters into any contract to hedge its foreign exchange risk or interest rate risk, such contract may only be entered into with local licensed financial institutions, and has to be cancelled upon the full repayment of the borrowings taken by TMI; and
(ii) the shareholders of Idea have approved, amongst others, the Proposed Subscription, at the extraordinary general meeting of Idea held on 30 July 2008.
This announcement is dated 31 July 2008.