|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") RECEIPT OF A PROPOSAL LETTER FROM TAN SRI DATO LIM KANG HOO IN RELATION TO A PROPOSED CORPORATE EXERCISE INVOLVING THE COMPANY, ISKANDAR WATERFRONT HOLDINGS SDN BHD ("IWH") AND ISKANDAR WATERFRONT CITY BERHAD ("IWC")
Following from the announcement made on 28 November 2017, Mercury Securities (being the Principal Adviser) and Astramina (being the Financial Adviser) on behalf of the Board wish to clarify that upon finalisation and deliberation of the relevant information and documentation pertaining to the Proposed Acquisition, including the valuation reports by the independent property valuers, the non-interested directors shall then further deliberate on the Proposed Acquisition and whether to put forth the proposal for consideration of Ekovest’s non-interested shareholders. Any developments shall be publicly announced accordingly.
This announcement is dated 30 November 2017.
|Company Name||EKOVEST BERHAD|
|Date Announced||30 Nov 2017|
|Category||General Announcement for PLC|