Proposed Disposal Of All The Securities In: (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") To Amanat Lebuhraya Rakyat Berhad ("ALR"). (Collectively Referred To As The" Proposed Disposals" And Each As The "Proposed Disposal")

Jul 12, 2022
Type Announcement
Subject OTHERS
Description

GAMUDA BERHAD ("GAMUDA" OR THE "COMPANY") PROPOSED DISPOSAL OF ALL THE SECURITIES IN:

(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")

TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR").

(COLLECTIVELY REFERRED TO AS THE" PROPOSED DISPOSALS" AND EACH AS THE "PROPOSED DISPOSAL")

Reference is made to the Company’s announcement dated 4 April 2022 in relation to the receipt of offer to purchase all the securities in Kesas, SPRINT, LITRAK and SMART from ALR and announcement dated 18 April 2022 in respect of acceptance of the offer and the Proposed Disposals (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

 

Reference is made to the salient terms and conditions of the Offers as set out in the announcement dated 4 April 2022. On behalf of the Board of Gamuda, HLIB wishes to announce that ALR and each Expressway Concession Companies had on 8 July 2022 agreed to extend the Definitive Agreement Execution Date from 31 July 2022 to 30 August 2022.

 

 

Notwithstanding the extension of the deadline for execution above, the Board aspires to execute the Definitive Agreements on or before 5 August 2022.

 

This announcement is dated 12 July 2022.





Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 12 Jul 2022
Category General Announcement for PLC
Reference Number GA1-12072022-00059