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Devonshire Capital
July 16th 2001
Devonshire Capital completes
three acquisitions for Patimas Computers Berhad in Malaysia.
Devonshire Capital acted
as consultant to PATIMAS COMPUTERS BERHAD (PATI) in the origination
and execution of the 69 million ringgit acquisitions of:
a) The acquisition of 100% equity
interest in HPD Systems Sdn Bhd;
b) The acquisition of 100% equity
interest in DGN Systems Sdn Bhd; and
c) The acquisition of 100% equity
in EIX Solutions Sdn Bhd.
Arab-Malaysian Merchant Bank Berhad, on behalf
of the Board of Directors of PATI, wishes to announce that all the
conditions precedent set out in the three (3) conditional sale and
purchase agreements dated 30 March 2001 in relation to the Proposed
Acquisitions have been fulfilled and as such, the Proposed Acquisitions
have been completed as at 16 July 2001.
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