| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
PROPOSED DISPOSAL OF 40% EQUITY INTEREST HELD IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD TO EMPLOYEES PROVIDENT FUND BOARD |
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We refer to the announcements dated 19 August 2016, 21 September 2016, 2 November 2016, 8 November 2016, 18 November 2016, 22 December 2016 and 19 January 2017 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. On behalf of the Board of Directors of Ekovest, CIMB, Astramina and AmInvestment wishes to announce that the Government of Malaysia, through Unit Kerjasama Awam Swasta, has granted its approval for the proposed change in equity structure of Kesturi and any other necessary approvals in relation to the Proposed Disposal (“GOM Approval”) to-date. With the GOM Approval together with the approval from the holders of the existing senior sukuk issued by Kesturi that was obtained on 9 January 2017 and the approval of the Company’s shareholders that was obtained at an EGM held on 19 January 2017, the SSA has become unconditional on 24 January 2017 in accordance with the terms contained therein.
This announcement is dated 24 January 2017. |
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 24 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24012017-00029 |