|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") CONDITIONAL VOLUNTARY TAKE-OVER OFFER TO ACQUIRE ALL THE ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY")
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcement dated 18 December 2017 in relation to the Proposed Offer unless stated otherwise or defined herein.)
We refer to the announcements dated 18 December 2017, 22 December 2017, 8 January 2018, 9 March 2018 and 12 March 2018 in relation to the Proposed Offer.
As set out in the Offer Document dated 12 March 2018, the Proposed Offer is conditional upon, amongst others, the approval being obtained from the shareholders of Ekovest.
On behalf of the Board, Mercury Securities and Astramina wish to announce that the shareholders of the Company have not approved the resolution pertaining to the Proposed Offer (including the purchase of 53,595,267 IWCity Shares from KPRJ) at the EGM of Ekovest today.
In view of the above:-
(i) the KPRJ SSA has been terminated on even date; and
(ii) the Proposed Offer has lapsed and all acceptances received pursuant to the Proposed Offer will be returned to the respective shareholders of IWCity.
This announcement is dated 29 March 2018.
|Company Name||EKOVEST BERHAD|
|Date Announced||29 Mar 2018|
|Category||General Announcement for PLC|