Tanjong - Offer by Tanjong Capital Sdn Bhd

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Slaughter and May advised Tanjong plc on the English aspects of a conditional offer by Tanjong Capital Sdn Bhd for the entire issued share capital of Tanjong plc. Tanjong Capital Sdn Bhd and its concert parties already hold approximately 47 per cent. of Tanjong plc's issued share capital.

The offer, which was announced on 30 July 2010 and will be governed by the Malaysian Code on Take-overs and Mergers 1998, is at a price of RM21.80 per share and values Tanjong plc's entire issued share capital at approximately RM8.79 billion (£1.7 billion).

Tanjong plc is incorporated in England and has its main listing on Bursa Securities Malaysia Berhad. It is a holding company with subsidiaries involved in power generation, gaming, leisure and property investment.

Andrew Jolly (partner), Paul Dickson (associate), Chris Bulger (associate)