Etika

Etika: Entered into CSPA with Asahi Group SE Asia for the sale of its dairy and packaging business. Etika, who exports the products via its Dairy Champ trademark brand was awarded “Superbrand” in Malaysia a few times between 2003 and 2013, seeks to unlock value from the sale of business, and is currently considering distributing part of the proceeds to shareholders. Total consideration is US$328.9m cash. Illustratively, assuming the deal was completed 30 Sept 13, NTA would have been RM1.1562 instead of RM0.2610, and EPS would have been RM1.0415 instead of RM0.0126