| 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 previous announcements 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, although the Parties have continued to reassess and renegotiate the terms of the Proposed Acquisitions after the lapse of the Conditional Period on 20 February 2021, the Parties were unable to reach an agreement to-date and have therefore decided to allow the SPAs to lapse.
Notwithstanding the above, the Company may continue to explore other options in connection with the Lands and the Board will make the necessary announcement(s) as required under the Listing Requirements, where applicable.
This Announcement is dated 22 March 2021.
| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 22 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22032021-00110 |