| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EKOVEST BERHAD ("EKOVEST" OR THE “COMPANY") - PROPOSED ACQUISITION; - PROPOSED SHARE SPLIT; - PROPOSED RIGHTS ISSUE WITH WARRANTS; - PROPOSED ESOS; AND - PROPOSED AMENDMENTS TO M&A (COLLECTIVELY THE “PROPOSALS”) |
Reference is made to the announcements on 29 January 2014, 26 February 2014 and 28 March 2014 in relation to the Proposals (“Announcements”) and the Circular to shareholders dated 11 April 2014 (“Circular”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements and the Circular.
On behalf of the Board of Directors of Ekovest (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that the Government had vide its letter dated 5 May 2014, approved the change in the ultimate shareholders and the shareholding structure of Kesturi involving the disposal of the 30% stake held by Malaysian Resources Corporation Berhad to Ekovest Group, pursuant to the Proposed Acquisition.
This announcement is dated 5 May 2014. |
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 5 May 2014 |
| Category | General Announcement |
| Reference No | MB-140505-65748 |