Receipt Of Offer To Purchase All the Securities (As Defined Herein) In The Following Companies: (i) Kesas Sdn Bhd ("KESAS") (ii) Sistem Penyuraian Trafik KL Barat Sdn Bhd ("SPRINT") (iii) Lingkaran Trans Kota Sdn Bhd ("LITRAK"); And (iv) Syarikat Mengurus Air Banjir & Terowong Sdn Bhd ("SMART") From Amanat Lebuhraya Rakyat Berhad ("ALR")

Apr 04, 2022
Type Announcement
Subject OTHERS
Description

GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY")

RECEIPT OF OFFER TO PURCHASE ALL THE SECURITIES (AS DEFINED HEREIN) IN THE FOLLOWING COMPANIES:

(i) KESAS SDN BHD ("KESAS")

(ii) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT")

(iii) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND

(iv) SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN BHD ("SMART")

FROM AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR")

On behalf of the Board of Directors of Gamuda, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Kesas Holdings Berhad (“Kesas Holdings”), its 70.0% owned subsidiary, had on 2 April 2022, received a conditional letter of offer from ALR in respect of ALR’s offer to acquire all the securities (including all ordinary shares, preference shares and loan stocks, where applicable) (“Securities”) of Kesas (“Kesas Offer”). Kesas is a wholly-owned subsidiary of Kesas Holdings.

 

Simultaneously, each of the following associated companies and joint venture company of Gamuda had on 2 April 2022, received a conditional letter of offer from ALR for the following acquisitions:

 

  1. Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT Holdings”), Gamuda’s 51.6% associated company, in respect of all the Securities of SPRINT. SPRINT is a wholly-owned subsidiary of SPRINT Holdings;
  2. Lingkaran Trans Kota Holdings Berhad (“LITRAK Holdings”), Gamuda’s 43.2% associated company, in respect of all the Securities of LITRAK. LITRAK is a wholly-owned subsidiary of LITRAK Holdings; and
  3. Projek SMART Holdings Sdn Bhd (“SMART Holdings”), Gamuda’s 50.0% joint venture company, in respect of all the Securities of SMART. SMART is a wholly-owned subsidiary of SMART Holdings.

(Kesas Offer, SPRINT Offer, LITRAK Offer and SMART Offer shall collectively be referred to as the “Offers”and each an “Offer”).

 

Kindly refer to the attached document for the details of the Offers.

 

This announcement is dated 4 April 2022.

 

Please refer attachment below.

 


Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 04 Apr 2022
Category General Announcement for PLC
Reference Number GA1-01042022-00028

Attachments

  1. Gamuda_-_Receipt_of_Offer_Announcement.pdf (Size: 143,107 bytes)