|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY")
(I) PROPOSED ACQUISITIONS; AND
(II) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
We refer to the announcement on 5 April 2021 in relation to the Proposals (“Announcement”). Unless otherwise stated, all terms used in this announcement shall have the same meaning as defined in the said Announcement.
On behalf of the Board, MIDF Investment and Astramina Advisory wish to announce that in view of the uptick COVID-19 cases and nationwide lockdown in Malaysia, Ekovest, IWH and TTSB have vide letters of termination dated 4 June 2021 mutually agreed to terminate the SPA 1 and SPA 2.
The parties to the respective SPAs mutually agree to fully release and discharge each other from all their respective obligations and liabilities under, arising from or in connection with the SPAs and agree that neither party shall have any claims whatsoever against the other in respect of the same, including but not limited to any antecedent breach, if any, of the SPAs.
This Announcement is dated 4 June 2021.
|Company Name||EKOVEST BERHAD|
|Date Announced||04 Jun 2021|
|Category||General Announcement for PLC|