Bursa Announcements
News
Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
Oct 03, 2022
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
GAMUDA BERHAD ("GAMUDA" OR "COMPANY")
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 "DISPOSALS")
Reference is made to the Company’s announcement dated 4 April 2022, 18 April 2022, 8 June 2022, 9 June 2022, 10 June 2022, 12 July 2022 and 5 August 2022 in relation to the Disposals (“Announcements”) and the circular to the shareholders of the Company dated 12 July 2022 (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements and Circular.
On behalf of the Board of Gamuda, HLIB wishes to announce that each of the Concession Holding Company and ALR had via separate letters dated 3 October 2022, mutually agreed to extend the Long Stop Date up until 31 October 2022 or such other date as may be mutually agreed upon in writing by the Parties for the remaining Condition Precedent to be satisfied, being the successful fund raise by ALR to make all payments required to be made to the respective Concession Holding Companies under the SSPAs (“Remaining Condition Precedent”).
The joint principal advisers, joint lead arrangers and joint lead managers for ALR’s Sukuk Programme had recently announced on behalf of ALR that ALR has successfully priced its RM5.5 billion nominal value AAA-rated sukuk on 23 September 2022 (“ALR press release”). As per ALR’s press release, the Remaining Condition Precedent is to be fully satisfied on the anticipated issuance of ALR’s Sukuk Programme, which ALR expects to be by mid October 2022.
This announcement is dated 3 October 2022.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
03 Oct 2022
Category
General Announcement for PLC
Reference Number
GA1-03102022-00049
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
GAMUDA BERHAD ("GAMUDA" OR "COMPANY") 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 "DISPOSALS") |
|
Reference is made to the Company’s announcement dated 4 April 2022, 18 April 2022, 8 June 2022, 9 June 2022, 10 June 2022, 12 July 2022 and 5 August 2022 in relation to the Disposals (“Announcements”) and the circular to the shareholders of the Company dated 12 July 2022 (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements and Circular.
On behalf of the Board of Gamuda, HLIB wishes to announce that each of the Concession Holding Company and ALR had via separate letters dated 3 October 2022, mutually agreed to extend the Long Stop Date up until 31 October 2022 or such other date as may be mutually agreed upon in writing by the Parties for the remaining Condition Precedent to be satisfied, being the successful fund raise by ALR to make all payments required to be made to the respective Concession Holding Companies under the SSPAs (“Remaining Condition Precedent”).
The joint principal advisers, joint lead arrangers and joint lead managers for ALR’s Sukuk Programme had recently announced on behalf of ALR that ALR has successfully priced its RM5.5 billion nominal value AAA-rated sukuk on 23 September 2022 (“ALR press release”). As per ALR’s press release, the Remaining Condition Precedent is to be fully satisfied on the anticipated issuance of ALR’s Sukuk Programme, which ALR expects to be by mid October 2022.
This announcement is dated 3 October 2022. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 03 Oct 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03102022-00049 |