| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
EKOVEST BERHAD ("EKOVEST" OR THE "COMPANY") (I) PROPOSED ACQUISITIONS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS "PROPOSALS") |
We refer to the announcements dated 21 November 2019 and 10 January 2020 in relation to the Proposals. Unless otherwise stated, all terms used in this Announcement shall have the same meaning as defined in the said announcements.
On behalf of the Board, RHB Investment Bank and Astramina wish to announce that following the adjustments made to the Total Purchase Consideration vide the Supplemental Agreements entered into by TTSB and the Company (as the case may be) with IWH on 10 January 2020, the highest percentage ratio applicable to the Proposed Acquisitions pursuant to Paragraph 10.02(g) of the Listing Requirements, calculated based on the revised Total Purchase Consideration over the market value of all Ekovest Shares (based on its five (5)-day VWAP up to and including LTD of RM0.7931 per Share) is now 52.78%. The highest percentage ratio for the Proposed Acquisitions, when aggregated with the Acquisition of PLS from SASB, is also 52.78%.
This Announcement is dated 3 February 2020.
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 03 Feb 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03022020-00077 |