Bursa Announcements News

The Board of Directors of Gamuda Berhad [Co. Regn. No. 19760103632 (29579-T)] (“Gamuda” or “Company”) wishes to announce that Gamuda has on 7 December 2022 executed a subscription and shareholders agreement (“SSA”) to acquire a 30% equity interest in ERS Energy Sdn Bhd ("ERS Energy") via subscription of 4,285,714 new ordinary shares ("Subscription Shares”) for a total cash consideration of RM200 million only (“Subscription Price”) (“Proposed ERS Energy Investment”).

Upon completion of the Proposed ERS Energy Investment, ERS Energy will become a 30%-owned associate company of Gamuda.

This is a voluntary announcement under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

For details, please refer to the attachement below.

This annoucement is dated 7 December 2022.