| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") 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, 19 January 2017, 24 January 2017 and 13 February 2017, as well as the circular to the shareholders of Ekovest dated 28 December 2016 (“Circular”), in relation to the Proposed Disposal.
Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Circular.
On behalf of the Board, CIMB, Astramina and AmInvestment wish to announce that the Company has provided a copy of the certificate of practical completion for the DUKE Phase-2 to EPF. Accordingly, in line with the terms set out in the SSA, EPF has paid to Nuzen the CPC Payment amounting to RM209.0 million, of which the Exit Payment amounting to RM149.0 million has been deposited in the Designated Account maintained in the name of Nuzen. Nuzen shall accordingly retain the Exit Payment and all Accrued Income in accordance with the provisions as set out in Sections 2.4.6 and 2.4.7 of the Circular.
This announcement is dated 30 October 2017. |
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 30 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30102017-00089 |