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.